2304 Vincent DrTallahasseeFL32303
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 2304 Vincent Dr, Tallahassee, FL, 32303 priced at $258,400 converts $1,899/mo rent into $51/mo cash flow after a $1,265/mo obligation. Total monthly income equals $1,899/mo, and annual cash flow totals $611/yr on $85,660 invested. Return on cash invested prints 20.62% in year one, and rental yield reads 8.82% against a $258,400 entry. Equity gained on principal adds $1,667/yr, while 5% annual appreciation compiles into $71,391 by year five. Five-year ROI reaches 107.91% and total cumulative return in cash sums $92,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,899/mo property income covering a $1,265/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.25 Acres lot
$N/A/sqft
No 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A