215 W College Ave APT 511TallahasseeFL32301
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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 215 W College Ave APT 511, Tallahassee, FL, 32301 generates $1,441/mo in rent, after a $1,040/mo payment. Total monthly income is $1,441/mo. Return on cash invested sits at 9.93% in year one, and rental yield is 8.14% on a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 53.79% and total cumulative return in cash sums $37,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,441/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$6,483 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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Listed by: Meg G Hilaman • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #385093
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.