1320 Hendrix RdTallahasseeFL32301
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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, Tallahassee, FL, 32301 offers a 10.1% rental yield on a $205,000 purchase with $1,726/mo rent. Total monthly income registers $1,726/mo, and a $1,003/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,392/yr on $67,958 to close, and return on cash invested stands at 26.37% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 138.08% and total cumulative return in cash at $93,834. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,726/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Rennai A Palmer-Kelly • Regal Homes, LLC
Mls Name: TBR
Mls ID: #394204