2413 Merrigan PlTallahasseeFL32309
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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
Rental property for sale in Tallahassee at 2413 Merrigan Pl, Tallahassee, FL, 32309 generates $1,519/mo in rent, after a $954/mo payment. Total monthly income is $1,519/mo. Return on cash invested sits at 19.12% in year one, and rental yield is 9.35% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 101.02% and total cumulative return in cash sums $65,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,519/mo property income rather than buyer’s personal income.
Condo
Built in 1986
1,306 sqft lot
$N/A/sqft
$2,400 annually HOA
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Listed by: Meg G Hilaman • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #389055
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