2445 Merrigan PlTallahasseeFL32309
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 2445 Merrigan Pl, Tallahassee, FL, 32309 in Tallahassee earns a 10.08% gross yield at $229,000. Rent of $1,924/mo nets $276/mo after the $1,030/mo mortgage. The 1.87 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $63,268 and $2,109/yr in equity accumulation project a total cumulative return of $105,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.5% |
| Monthly Cash Flow | $276 | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,924 |
| Total Monthly Debt Service | $1,557 |
| DSCR Ratio | 1.24x |
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.
Townhouse
Built in 1980
3,049 sqft lot
$N/A/sqft
$75 annually HOA
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
Townhouse
Built in 1980
3,049 sqft lot
$N/A/sqft
$75 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marylou Johnston • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #380118
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.