1891 Folkstone RdTallahasseeFL32312
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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 1891 Folkstone Rd, Tallahassee, FL, 32312 priced at $308,000 pairs $3,000/mo rent with $936/mo cash flow after a $1,508/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $11,227/yr on $102,102 invested. Return on cash invested is 30.9% in year one, and rental yield stands at 11.69% on a $308,000 basis. Equity gained on principal adds $1,987/yr, and 5% annual appreciation accumulates to $85,095 by year five. Five-year ROI measures 162.5% and total cumulative return in cash reaches $165,916. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,508/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.32 Acres lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32312, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 11,213 (81.3%) |
| Renter Occupied HU | 2,059 (14.9%) |
| Vacant Housing Units | 524 ( 3.8%) |
| Median Home Value | $462,180 |
| Average Home Value | $525,896 |
Housing Distribution
Address Breakdown
Residential
13,727
Single Family
12,909
Multi-Family
818
Businesses
495
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Listed by: Catherine L Hope Sorensen • All Realty Services
Mls Name: TBR
Mls Provider:
Mls ID: #378230
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.