2407 Miranda AveTallahasseeFL32304
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 2407 Miranda Ave, Tallahassee, FL, 32304 listed at $372,500 pairs $2,814/mo rent with a $1,823/mo payment to leave $342/mo cash flow. Total monthly income runs $2,814/mo, and annual cash flow reaches $4,107/yr on $123,484 cash to close. Return on cash invested measures 23.23% in year one, and rental yield registers 9.07% at a $372,500 basis. Equity gained on principal adds $2,404/yr, and annual property appreciation at 5% supports $102,915 by year five. Five-year ROI tracks 121.28% and total cumulative return in cash totals $149,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,814/mo property income relative to a $1,823/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bruce Foster • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #394717