228 Ursaline StTallahasseeFL32317
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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
Rental property for sale in Tallahassee at 228 Ursaline St, Tallahassee, FL, 32317 offers $3,000/mo rent that, after a $2,433/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 17.55% in year one, and rental yield stands at 7.24% at a $497,044 entry. Equity gained on principal adds $3,207/yr while 5% annual appreciation compounds into $137,324 by year five. Five-year ROI records 90.87% and total cumulative return in cash reaches $149,728. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,433/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
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Listed by: Johanna Dorsett • Capital Property Consultants
Mls Name: TBR
Mls Provider:
Mls ID: #381472
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.