2053 Ted Hines DrTallahasseeFL32308
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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 2053 Ted Hines Dr, Tallahassee, FL, 32308 uses $108,036 cash to close to unlock $5,429/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $2,615/mo, and a $1,595/mo payment keeps the spread at $452/mo. Purchase price stands at $325,900, and rental yield measures 9.63% with $2,615/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $90,040 over five years. Five-year ROI reaches 130.4% and total cumulative return in cash records $140,875. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,615/mo property income covering a $1,595/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Andrea S Fryk • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #388915