1309 Airport Dr APT C07TallahasseeFL32304
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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
Rental property for sale in Tallahassee at 1309 Airport Dr APT C07, Tallahassee, FL, 32304 generates $1,512/mo in rent and, after a $783/mo payment, leaves $451/mo in cash flow. Total monthly income is $1,512/mo, and annual cash flow is $5,406/yr on $53,007 invested. Return on cash invested sits at 30.11% in year one, and rental yield is 11.35% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 158.16% and total cumulative return in cash sums $83,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,512/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
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Listed by: Joann Y Jacobs • Coldwell Banker Hartung
Mls Name: TBR
Mls ID: #393996