1319 Airport Dr APT F04TallahasseeFL32304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1319 Airport Dr APT F04, Tallahassee, FL, 32304 generates $1,850/mo in rent and, after a $940/mo payment, leaves $299/mo in cash flow. Total monthly income is $1,850/mo, and annual cash flow is $3,591/yr on $63,648 invested. Return on cash invested sits at 25.55% in year one, and rental yield is 11.56% on a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 135.64% and total cumulative return in cash sums $86,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,850/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
1,742 sqft lot
$N/A/sqft
$2,304 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meridee Escalera • Destination Real Estate Corp
Mls Name: TBR
Mls Provider:
Mls ID: #386302
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.