1920 Nani DrTallahasseeFL32303
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1920 Nani Dr, Tallahassee, FL, 32303 in Tallahassee: $2,906/mo in rent, $1,792/mo net, 20.76% gross yield, all on a $168,000 acquisition. The 3.85 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $46,415 in value, and $1,547/yr in principal paydown steadily builds equity. Projected total cumulative return: $179,355.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.8% | 6.5% |
| Monthly Cash Flow | $1,792 | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,906 |
| Total Monthly Debt Service | $1,048 |
| DSCR Ratio | 2.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1993
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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
Manufactured
Built in 1993
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices