152 Tulane WayTallahasseeFL32317
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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 152 Tulane Way, Tallahassee, FL, 32317 priced at $439,000 pairs $3,377/mo rent with $434/mo cash flow after a $2,149/mo payment. Total monthly income equals $3,377/mo, and annual cash flow comes to $5,206/yr on $145,529 invested. Return on cash invested is 23.49% in year one, and rental yield stands at 9.23% on a $439,000 basis. Equity gained on principal adds $2,833/yr, and 5% annual appreciation accumulates to $121,288 by year five. Five-year ROI measures 122.7% and total cumulative return in cash reaches $178,556. For financing, Ziffy Mortgage’s DSCR program evaluates $3,377/mo property income against a $2,149/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
$355 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
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Listed by: Natalie Mitchell • Engel & Vlkers Tallahassee
Mls Name: TBR
Mls Provider:
Mls ID: #388925
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.