215 W College Ave APT 905TallahasseeFL32301
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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 215 W College Ave APT 905, Tallahassee, FL, 32301 listed at $370,000 pairs $2,204/mo rent with a $1,811/mo payment. Total monthly income runs $2,204/mo. Return on cash invested measures 17.45% in year one, and rental yield registers 7.15% at a $370,000 basis. Equity gained on principal adds $2,388/yr, and annual property appreciation at 5% supports $102,224 by year five. Five-year ROI tracks 90.25% and total cumulative return in cash totals $110,693. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,204/mo property income relative to a $1,811/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
0.36 Acres lot
$N/A/sqft
No 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: Cynthia Henderson • Cynergy Real Estate Services,
Mls Name: TBR
Mls ID: #392937