1939 Celtic RdTallahasseeFL32317
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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 1939 Celtic Rd, Tallahassee, FL, 32317 offers a 9.5% rental yield on a $365,000 purchase with $2,891/mo rent. Total monthly income registers $2,891/mo, and a $1,786/mo payment leaves $469/mo available for distribution. Annual cash flow reaches $5,631/yr on $120,998 to close, and return on cash invested stands at 24.56% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 128.4% and total cumulative return in cash at $155,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,891/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
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Listed by: Lindsay D Pearson • Pearson Realty Inc.
Mls Name: TBR
Mls ID: #390432