18019 Rakestraw DrTallahasseeFL32310
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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 18019 Rakestraw Dr, Tallahassee, FL, 32310 earns $192/mo cash flow from $2,010/mo rent with a $1,341/mo payment. Total monthly income totals $2,010/mo, and annual cash flow totals $2,301/yr on $90,831 capital. ROI tracks 22.44% on current figures, and rental yield reads 8.8% at a $274,000 purchase. Equity gained on principal adds $1,768/yr, and 5% annual appreciation supports $75,701 over five years. Five-year ROI reaches 117.02% and total cumulative return in cash sums $106,293. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,010/mo property income instead of your personal income.
Single Family
Built in 1989
1.55 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: Karen B Chason • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #376762
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.