2384 Merrigan Pl #CTallahasseeFL32309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2384 Merrigan Pl #C, Tallahassee, FL, 32309 in Tallahassee is a top-tier cash-flow asset. At $210,000 it produces $1,999/mo in rent and $599/mo in net monthly income, a 11.42% gross rental yield. The DSCR of 2.12 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $7,192. Five-year appreciation adds $58,019, driving a total cumulative return of $118,627.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.5% |
| Monthly Cash Flow | $599 | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,999 |
| Total Monthly Debt Service | $1,316 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1982
3,920 sqft lot
$N/A/sqft
$75 annually HOA
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
Townhouse
Built in 1982
3,920 sqft lot
$N/A/sqft
$75 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Carey • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #388447
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