1623 Marcia AveTallahasseeFL32310
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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 1623 Marcia Ave, Tallahassee, FL, 32310 uses $33,150 cash to close to unlock $6,382/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $1,195/mo, and a $489/mo payment keeps the spread at $532/mo. Purchase price stands at $100,000, and rental yield measures 14.34% with $1,195/mo rent. Return on cash invested shows 39.16% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 206.67% and total cumulative return in cash records $68,512. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,195/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.34 Acres 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: Trina R Searcy • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #393452