1224 Athens CtTallahasseeFL32305
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tallahassee at 1224 Athens Ct, Tallahassee, FL, 32305 offers a 8.91% rental yield on a $252,000 purchase with $1,871/mo rent. Total monthly income registers $1,871/mo, and a $1,233/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,239/yr on $83,538 to close, and return on cash invested stands at 22.59% in year one. Equity gained on principal adds $1,626/yr while 5% annual appreciation supports $69,623 over five years. Portfolio math shows five-year ROI at 117.86% and total cumulative return in cash at $98,462. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,871/mo property income against a $1,233/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
9,147 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32305, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,904 (100%) |
| Owner Occupied HU | 5,307 (59.6%) |
| Renter Occupied HU | 2,774 (31.2%) |
| Vacant Housing Units | 823 ( 9.2%) |
| Median Home Value | $176,189 |
| Average Home Value | $279,668 |
Housing Distribution
Address Breakdown
Residential
8,332
Single Family
7,766
Multi-Family
566
Businesses
300
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Listed by: Tiffany R Hamilton • Hamilton Realty Advisors LLC
Mls Name: TBR
Mls Provider:
Mls ID: #387010
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.