1556 Patrick AveTallahasseeFL32310
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
Investment Highlights
Total monthly income runs $1,400/mo, and a $1,219/mo payment. Purchase price stands at $249,000, and rental yield measures 6.75% with $1,400/mo rent. Return on cash invested shows 16.24% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 83.78% and total cumulative return in cash records $69,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,400/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Multi Family
Built in 1983
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert P Nahoom • Amac Real Estate Co.
Mls Name: TBR
Mls ID: #392875