14984 Grasshopper TrlTallahasseeFL32310
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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 14984 Grasshopper Trl, Tallahassee, FL, 32310 generates $996/mo in rent and, after a $624/mo payment, leaves $150/mo in cash flow. Total monthly income is $996/mo, and annual cash flow is $1,799/yr on $42,266 invested. Return on cash invested sits at 24.17% in year one, and rental yield is 9.37% on a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 126.25% and total cumulative return in cash sums $53,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $996/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32310, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,359 (100%) |
| Owner Occupied HU | 3,341 (40.0%) |
| Renter Occupied HU | 3,847 (46.0%) |
| Vacant Housing Units | 1,171 (14.0%) |
| Median Home Value | $214,020 |
| Average Home Value | $279,575 |
Housing Distribution
Address Breakdown
Residential
6,808
Single Family
6,155
Multi-Family
653
Businesses
397
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Listed by: Jay A Young • Bevis Realty
Mls Name: TBR
Mls Provider:
Mls ID: #385372
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.