2400 Fred Smith Rd APT 201TallahasseeFL32303
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 2400 Fred Smith Rd APT 201, Tallahassee, FL, 32303 in Tallahassee earns a 11.31% gross yield at $157,500. Rent of $1,560/mo nets $462/mo after the $708/mo mortgage. The 2.20 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $43,514 and $1,451/yr in equity accumulation project a total cumulative return of $93,191.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.5% |
| Monthly Cash Flow | $462 | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $983 |
| DSCR Ratio | 1.59x |
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.
Condo
Built in 2006
871.20 sqft 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
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
Condo
Built in 2006
871.20 sqft 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: Chris Eldridge • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #392883