2376 Mystic PlTallahasseeFL32311
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
Investment property for sale in Tallahassee at 2376 Mystic Pl, Tallahassee, FL, 32311 with 5% annual appreciation on a $594,900 basis while $4,512/mo rent supports operations. Total monthly income totals $4,512/mo and a $2,912/mo payment preserves $564/mo for cash returns. Annual cash flow comes to $6,767/yr on $195,722 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $3,839/yr, and five-year appreciation sums $164,360 alongside rental yield of 9.1%. Five-year ROI measures 122.75% and total cumulative return in cash totals $240,247.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,512/mo property income versus a $2,912/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johanna Dorsett • Capital Property Consultants
Mls Name: TBR
Mls ID: #390290