227 Whetherbine Way WTallahasseeFL32301
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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 227 Whetherbine Way W, Tallahassee, FL, 32301 offers a 15.68% rental yield on a $193,900 purchase with $2,534/mo rent. Total monthly income registers $2,534/mo, and a $949/mo payment leaves $1,181/mo available for distribution. Annual cash flow reaches $14,169/yr on $64,278 to close, and return on cash invested stands at 41.95% in year one. Equity gained on principal adds $1,251/yr while 5% annual appreciation supports $53,571 over five years. Portfolio math shows five-year ROI at 222.09% and total cumulative return in cash at $142,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,534/mo property income against a $949/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1989
5,227 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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Listed by: Katsi Merritt • EXP Realty, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #373879
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.