1513 Caldwell DrTallahasseeFL32310
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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 1513 Caldwell Dr, Tallahassee, FL, 32310 uses $70,610 cash to close to unlock $4,140/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $1,759/mo, and a $1,043/mo payment keeps the spread at $345/mo. Purchase price stands at $213,000, and rental yield measures 9.91% with $1,759/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $58,848 over five years. Five-year ROI reaches 134.94% and total cumulative return in cash records $95,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,759/mo property income covering a $1,043/mo payment rather than investor’s personal income.
Single Family
Built in 1950
9,147 sqft 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: Chelsey N Hough • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #383378
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.