2230 Parrot LnTallahasseeFL32303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Tallahassee at 2230 Parrot Ln, Tallahassee, FL, 32303 priced at $157,000 pairs $1,390/mo rent with $287/mo cash flow after a $768/mo payment. Total monthly income equals $1,390/mo, and annual cash flow comes to $3,438/yr on $52,046 invested. Return on cash invested is 26.52% in year one, and rental yield stands at 10.62% on a $157,000 basis. Equity gained on principal adds $1,013/yr, and 5% annual appreciation accumulates to $43,376 by year five. Five-year ROI measures 139.42% and total cumulative return in cash reaches $72,560. For financing, Ziffy Mortgage’s DSCR program evaluates $1,390/mo property income against a $768/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1991
4,356 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric W Smallridge • Proper Real Estate Advisors
Mls Name: TBR
Mls Provider:
Mls ID: #390053
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.