1913 Old Fort DrTallahasseeFL32301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1913 Old Fort Dr, Tallahassee, FL, 32301 offers a 9.12% rental yield on a $320,000 purchase with $2,431/mo rent. Total monthly income registers $2,431/mo, and a $1,566/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,692/yr on $106,080 to close, and return on cash invested stands at 23.39% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 122.1% and total cumulative return in cash at $129,519. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,431/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.51 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Brown • Magnolia Properties&Investment
Mls Name: TBR
Mls ID: #391107