201 Westwood Dr UNIT 201TallahasseeFL32304
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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 201 Westwood Dr UNIT 201, Tallahassee, FL, 32304 offers a 9.21% rental yield on a $140,000 purchase with $1,075/mo rent. Total monthly income registers $1,075/mo, and a $685/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,754/yr on $46,410 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 123.82% and total cumulative return in cash at $57,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,075/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No 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: Marsia Miller • 1st Choice Real Estate Service
Mls Name: TBR
Mls ID: #392026