1931 Nicklaus Dr #3TallahasseeFL32301
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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 1931 Nicklaus Dr #3, Tallahassee, FL, 32301 earns $377/mo cash flow from $1,620/mo rent with a $917/mo payment. Total monthly income totals $1,620/mo, and annual cash flow totals $4,521/yr on $62,090 capital. ROI tracks 27.19% on current figures, and rental yield reads 10.38% at a $187,300 purchase. Equity gained on principal adds $1,209/yr, and 5% annual appreciation supports $51,748 over five years. Five-year ROI reaches 142.48% and total cumulative return in cash sums $88,469. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,620/mo property income instead of your personal income.
Townhouse
Built in 1988
3,484 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: Mandy O'Callaghan • Clover Key Realty
Mls Name: TBR
Mls ID: #389422