1616 Kay AveTallahasseeFL32301
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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 1616 Kay Ave, Tallahassee, FL, 32301 generates $1,291/mo in rent and, after a $857/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,291/mo, and annual cash flow is $1,551/yr on $58,013 invested. Return on cash invested sits at 22.58% in year one, and rental yield is 8.85% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 117.81% and total cumulative return in cash sums $68,347. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,291/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
2,613 sqft lot
$N/A/sqft
No 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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Listed by: Todd Bullock • Eden & Company
Mls Name: TBR
Mls ID: #394726