1952 Evanston Ave #603TallahasseeFL32304
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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 1952 Evanston Ave #603, Tallahassee, FL, 32304 uses $74,554 cash to close to unlock $6,612/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,202/mo, and a $1,101/mo payment keeps the spread at $551/mo. Purchase price stands at $224,900, and rental yield measures 11.75% with $2,202/mo rent. Return on cash invested shows 28.78% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 151.9% and total cumulative return in cash records $113,245. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,202/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A 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
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Listed by: Susan Ice • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #374530
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.