218 Cottage CtTallahasseeFL32308
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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 218 Cottage Ct, Tallahassee, FL, 32308 uses $132,600 cash to close to unlock $4,012/yr annual cash flow and $334/mo monthly cash flow. Total monthly income runs $2,989/mo, and a $1,958/mo payment keeps the spread at $334/mo. Purchase price stands at $400,000, and rental yield measures 8.97% with $2,989/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 119.68% and total cumulative return in cash records $158,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2021
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Ian D Mc Nally • Twelve Points Real Estate, LLC
Mls Name: TBR
Mls ID: #387945