1801 Meriadoc RdTallahasseeFL32303
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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 1801 Meriadoc Rd, Tallahassee, FL, 32303 uses $44,753 cash to close to unlock $4,330/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $1,257/mo, and a $661/mo payment keeps the spread at $361/mo. Purchase price stands at $135,000, and rental yield measures 11.17% with $1,257/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 155.34% and total cumulative return in cash records $69,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,257/mo property income covering a $661/mo payment rather than investor’s personal income.
Townhouse
Built in 1987
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Gary S Bartlett • Gary Bartlett Real Estate
Mls Name: TBR
Mls ID: #394074