145 N Charles Willis DrMidwayFL32343
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 145 N Charles Willis Dr, Midway, FL, 32343 in Midway deserves attention. This $235,000 property earns $2,431/mo in rent, a 12.41% gross yield, and nets $683/mo after the $1,057/mo payment. DSCR 2.30 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $64,926 compounds alongside $2,164/yr in yearly equity build, for a total cumulative return of $134,360.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 6.0% |
| Monthly Cash Flow | $683 | $250 |
City averages based on Midway market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,431 |
| Total Monthly Debt Service | $1,655 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2009
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32343, Midway, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 1,002 (77.7%) |
| Renter Occupied HU | 202 (15.7%) |
| Vacant Housing Units | 86 ( 6.7%) |
| Median Home Value | $209,770 |
| Average Home Value | $258,211 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,307
Multi-Family
95
Businesses
172
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
Single Family
Built in 2009
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32343, Midway, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 1,002 (77.7%) |
| Renter Occupied HU | 202 (15.7%) |
| Vacant Housing Units | 86 ( 6.7%) |
| Median Home Value | $209,770 |
| Average Home Value | $258,211 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,307
Multi-Family
95
Businesses
172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Non Member • Tallahassee Board of REALTORS
Mls Name: TBR
Mls Provider:
Mls ID: #379511
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.