1959 Chickadee WayTallahasseeFL32311
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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 1959 Chickadee Way, Tallahassee, FL, 32311 uses $137,573 cash to close to unlock $1,167/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,851/mo, and a $2,031/mo payment keeps the spread at $97/mo. Purchase price stands at $415,000, and rental yield measures 8.24% with $2,851/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 108% and total cumulative return in cash records $148,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,851/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32311, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 6,245 (57.5%) |
| Renter Occupied HU | 3,985 (36.7%) |
| Vacant Housing Units | 624 ( 5.7%) |
| Median Home Value | $377,301 |
| Average Home Value | $404,625 |
Housing Distribution
Address Breakdown
Residential
10,306
Single Family
7,603
Multi-Family
2,703
Businesses
210
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Listed by: Rebecca Mayhann • Rebecca Mayhann Properties
Mls Name: TBR
Mls ID: #394537