201 Meridianna DrTallahasseeFL32312
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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
Rental property for sale in Tallahassee at 201 Meridianna Dr, Tallahassee, FL, 32312 priced at $349,000 converts $2,398/mo rent into $82/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,398/mo, and annual cash flow totals $986/yr on $115,694 invested. Return on cash invested prints 20.76% in year one, and rental yield reads 8.25% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 108.04% and total cumulative return in cash sums $124,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,398/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32312, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 11,213 (81.3%) |
| Renter Occupied HU | 2,059 (14.9%) |
| Vacant Housing Units | 524 ( 3.8%) |
| Median Home Value | $462,180 |
| Average Home Value | $525,896 |
Housing Distribution
Address Breakdown
Residential
13,727
Single Family
12,909
Multi-Family
818
Businesses
495
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Listed by: Stacie Spears Dixon • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #383550
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.