1982 Green Castle Ln #802TallahasseeFL32304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1982 Green Castle Ln #802, Tallahassee, FL, 32304 earns $259/mo cash flow from $1,877/mo rent with a $1,077/mo payment. Total monthly income totals $1,877/mo, and annual cash flow totals $3,102/yr on $72,930 capital. ROI tracks 24.16% on current figures, and rental yield reads 10.24% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 127.22% and total cumulative return in cash sums $92,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,877/mo property income instead of your personal income.
Condo
Built in 2022
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Eddy • Twelve Points Real Estate, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #386504
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.