2217 Lake Heritage DrTallahasseeFL32311
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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 2217 Lake Heritage Dr, Tallahassee, FL, 32311 uses $72,599 cash to close to unlock $5,695/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $1,928/mo, and a $1,072/mo payment keeps the spread at $475/mo. Purchase price stands at $219,000, and rental yield measures 10.56% with $1,928/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 145.5% and total cumulative return in cash records $105,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,928/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32311, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 6,245 (57.5%) |
| Renter Occupied HU | 3,985 (36.7%) |
| Vacant Housing Units | 624 ( 5.7%) |
| Median Home Value | $377,301 |
| Average Home Value | $404,625 |
Housing Distribution
Address Breakdown
Residential
10,306
Single Family
7,603
Multi-Family
2,703
Businesses
210
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Listed by: Adam Reep • Century 21 First Story
Mls Name: TBR
Mls Provider:
Mls ID: #388736
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.