1320 Cherry Laurel StTallahasseeFL32308
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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
Investment property for sale in Tallahassee at 1320 Cherry Laurel St, Tallahassee, FL, 32308 listed at $269,000 pairs $1,500/mo rent with a $1,317/mo payment. Total monthly income runs $1,500/mo. Return on cash invested measures 16.07% in year one, and rental yield registers 6.69% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 82.84% and total cumulative return in cash totals $73,871. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Caroline Tharpe Weiss LLC • Coldwell Banker Hartung
Mls Name: TBR
Mls ID: #391665