1320 Hendrix Rd APT 105TallahasseeFL32301
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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 1320 Hendrix Rd APT 105, Tallahassee, FL, 32301 generates $1,748/mo in rent and, after a $974/mo payment, leaves $427/mo in cash flow. Total monthly income is $1,748/mo, and annual cash flow is $5,129/yr on $65,969 invested. Return on cash invested sits at 27.68% in year one, and rental yield is 10.54% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 145.17% and total cumulative return in cash sums $95,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,748/mo property income rather than buyer’s personal income.
Condo
Built in 2004
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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Listed by: Caitlin Saunders • The Naumann Group Real Estate
Mls Name: TBR
Mls ID: #394382