1320 Hendrix Rd APT 307TallahasseeFL32301
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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 1320 Hendrix Rd APT 307, Tallahassee, FL, 32301 listed at $209,900 pairs $1,820/mo rent with a $1,027/mo payment to leave $5/mo cash flow. Total monthly income runs $1,820/mo, and annual cash flow reaches $64/yr on $69,582 cash to close. Return on cash invested measures 20% in year one, and rental yield registers 10.4% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 106.61% and total cumulative return in cash totals $74,180. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,820/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
1,306 sqft lot
$N/A/sqft
$3,560 annually 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: Chip L Williams • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #389368
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.