216 Dixie Dr APT F-6TallahasseeFL32304
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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 F-6, Tallahassee, FL, 32304 with 5% annual appreciation on a $108,000 basis while $973/mo rent supports operations. 43% in year one. Equity gained on principal adds $697/yr, and five-year appreciation sums $29,838 alongside rental yield of 10.81%. Five-year ROI measures 99.17% and total cumulative return in cash totals $35,504. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $973/mo property income versus a $529/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
435.60 sqft lot
$N/A/sqft
$3,600 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: Jacob O'Donnell • Bulldog Properties, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #377892
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.