216 Dixie Dr APT B5TallahasseeFL32304
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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 216 Dixie Dr APT B5, Tallahassee, FL, 32304 at $118,000 posts ROI 25.11% with $169/mo cash flow from $1,278/mo rent. Total monthly income equals $1,278/mo, and annual cash flow records $2,034/yr on $39,117 to close. Return on cash invested measures 25.11% and rental yield reads 13% at the current $118,000. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 by year five. Five-year ROI prints 135.02% and total cumulative return in cash totals $52,815.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,278/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
$3,900 annually 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: Kimberly C Nabors • Advanced Realty Group LLC
Mls Name: TBR
Mls Provider:
Mls ID: #385285
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.