1904 Miccosukee Rd APT 25TallahasseeFL32308
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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 1904 Miccosukee Rd APT 25, Tallahassee, FL, 32308 priced at $204,000 converts $3,401/mo rent into $1,784/mo cash flow after a $998/mo obligation. Total monthly income equals $3,401/mo, and annual cash flow totals $21,404/yr on $67,626 invested. Return on cash invested prints 51.56% in year one, and rental yield reads 20.01% against a $204,000 entry. Equity gained on principal adds $1,316/yr, while 5% annual appreciation compiles into $56,361 by year five. Five-year ROI reaches 274.87% and total cumulative return in cash sums $185,884. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,401/mo property income covering a $998/mo payment, not borrower’s personal income.
Townhouse
Built in 1975
871 sqft lot
$N/A/sqft
$264 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Lisa Gray • Florida Sun & Surf Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10992399
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.