2111 Plantation Forest DrTallahasseeFL32317
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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 2111 Plantation Forest Dr, Tallahassee, FL, 32317 uses $64,643 cash to close to unlock $3,220/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $1,562/mo, and a $954/mo payment keeps the spread at $268/mo. Purchase price stands at $195,000, and rental yield measures 9.61% with $1,562/mo rent. Return on cash invested shows 24.89% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 130.18% and total cumulative return in cash records $84,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,562/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
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Listed by: Jeffry Wood • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #392577