1938 Ann Arbor AveTallahasseeFL32304
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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 1938 Ann Arbor Ave, Tallahassee, FL, 32304 uses $72,930 cash to close to unlock $8,590/yr annual cash flow and $716/mo monthly cash flow. Total monthly income runs $2,176/mo, and a $1,077/mo payment keeps the spread at $716/mo. Purchase price stands at $220,000, and rental yield measures 11.87% with $2,176/mo rent. Return on cash invested shows 31.69% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 166.6% and total cumulative return in cash records $121,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,176/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No 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
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Listed by: Melissa Sheppard • LPT Realty
Mls Name: TBR
Mls ID: #391329