1979 Bloomington 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 1979 Bloomington Ave, Tallahassee, FL, 32304 uses $58,013 cash to close to unlock $3,962/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $1,718/mo, and a $857/mo payment keeps the spread at $330/mo. Purchase price stands at $175,000, and rental yield measures 11.78% with $1,718/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 141.81% and total cumulative return in cash records $82,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,718/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 2011
435.60 sqft lot
$N/A/sqft
$1,692 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: Eric W Smallridge • Proper Real Estate Advisors
Mls Name: TBR
Mls Provider:
Mls ID: #382705
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.