1630 Balkin Rd LOT 46TallahasseeFL32305
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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 1630 Balkin Rd LOT 46, Tallahassee, FL, 32305 earns $108/mo cash flow from $810/mo rent with a $518/mo payment. Total monthly income totals $810/mo, and annual cash flow totals $1,291/yr on $35,106 capital. ROI tracks 23.59% on current figures, and rental yield reads 9.18% at a $105,900 purchase. Equity gained on principal adds $683/yr, and 5% annual appreciation supports $29,258 over five years. Five-year ROI reaches 123.18% and total cumulative return in cash sums $43,244. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $810/mo property income instead of your personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32305, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,904 (100%) |
| Owner Occupied HU | 5,307 (59.6%) |
| Renter Occupied HU | 2,774 (31.2%) |
| Vacant Housing Units | 823 ( 9.2%) |
| Median Home Value | $176,189 |
| Average Home Value | $279,668 |
Housing Distribution
Address Breakdown
Residential
8,332
Single Family
7,766
Multi-Family
566
Businesses
300
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Listed by: Allison Mcgriff • Cascades Village
Mls Name: My State MLS
Mls ID: #11518598