2429 Lanrell DrTallahasseeFL32303
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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 2429 Lanrell Dr, Tallahassee, FL, 32303 generates $1,845/mo in rent and, after a $1,167/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,845/mo, and annual cash flow is $3,151/yr on $79,063 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 9.28% on a $238,500 entry. Equity gained on principal adds $1,539/yr, while 5% annual appreciation builds toward $65,893 over five years. Five-year ROI reaches 124.82% and total cumulative return in cash sums $98,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,845/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
9,583 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
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Listed by: Sarah G McKinzie • Hum Real Estate
Mls Name: TBR
Mls ID: #389011