2303 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 2303 Lake Heritage Dr, Tallahassee, FL, 32311 earns $172/mo cash flow from $3,191/mo rent with a $2,227/mo payment. Total monthly income totals $3,191/mo, and annual cash flow totals $2,058/yr on $150,833 capital. ROI tracks 21.27% on current figures, and rental yield reads 8.42% at a $455,000 purchase. Equity gained on principal adds $2,936/yr, and 5% annual appreciation supports $125,708 over five years. Five-year ROI reaches 110.76% and total cumulative return in cash sums $167,056. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,191/mo property income instead of your personal income.
Single Family
Built in 2025
1.27 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: Liz Kuntz • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #391450