2384 Merrigan Pl #CTallahasseeFL32309
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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 2384 Merrigan Pl #C, Tallahassee, FL, 32309 earns $599/mo cash flow from $1,999/mo rent with a $1,028/mo payment. Total monthly income totals $1,999/mo, and annual cash flow totals $7,188/yr on $69,615 capital. ROI tracks 30.23% on current figures, and rental yield reads 11.42% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 158.82% and total cumulative return in cash sums $110,560. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,999/mo property income instead of your personal income.
Townhouse
Built in 1982
3,920 sqft lot
$N/A/sqft
$75 annually HOA
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Listed by: Lisa Carey • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #388447
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.