1926 Ann Arbor Ave UNIT 2402TallahasseeFL32304
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 1926 Ann Arbor Ave UNIT 2402, Tallahassee, FL, 32304 uses $62,952 cash to close to unlock $2,555/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $929/mo payment keeps the spread at $213/mo. Purchase price stands at $189,900, and rental yield measures 10.31% with $1,631/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 126.28% and total cumulative return in cash records $79,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 2019
435.60 sqft lot
$N/A/sqft
$1,900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hunter Brown • EXP Realty, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #380975
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.