1903 Larette DrTallahasseeFL32301
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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 1903 Larette Dr, Tallahassee, FL, 32301 with 5% annual appreciation on a $178,000 basis while $1,371/mo rent supports operations. Total monthly income totals $1,371/mo and a $871/mo payment preserves $190/mo for cash returns. Annual cash flow comes to $2,280/yr on $59,007 deployed, and return on cash invested reaches 23.77% in year one. Equity gained on principal adds $1,149/yr, and five-year appreciation sums $49,178 alongside rental yield of 9.24%. Five-year ROI measures 124.14% and total cumulative return in cash totals $73,249.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,371/mo property income versus a $871/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1996
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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Listed by: Nikky Manausa • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #385923
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.