1558 Three Lantern LnTallahasseeFL32301
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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 1558 Three Lantern Ln, Tallahassee, FL, 32301 uses $44,322 cash to close to unlock $8,291/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $1,705/mo, and a $654/mo payment keeps the spread at $691/mo. Purchase price stands at $133,700, and rental yield measures 15.3% with $1,705/mo rent. Return on cash invested shows 38.62% in year one, and 5% annual appreciation builds toward $36,939 over five years. Five-year ROI reaches 204.98% and total cumulative return in cash records $90,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,705/mo property income covering a $654/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
3,049 sqft lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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