1970 Vineland DrTallahasseeFL32317
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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 1970 Vineland Dr, Tallahassee, FL, 32317 offers a 9.22% rental yield on a $505,000 purchase with $3,880/mo rent. Total monthly income registers $3,880/mo, and a $2,472/mo payment leaves $504/mo available for distribution. Annual cash flow reaches $6,048/yr on $166,145 to close, and return on cash invested stands at 23.7% in year one. Equity gained on principal adds $3,259/yr while 5% annual appreciation supports $139,522 over five years. Portfolio math shows five-year ROI at 123.78% and total cumulative return in cash at $205,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,880/mo property income against a $2,472/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.98 Acres lot
$N/A/sqft
$294 annually 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: Sarah Henning • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #389212
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.