2445 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
Investment property for sale in Tallahassee at 2445 Merrigan Pl, Tallahassee, FL, 32309 with 5% annual appreciation on a $229,000 basis while $1,924/mo rent supports operations. Total monthly income totals $1,924/mo and a $1,121/mo payment preserves $275/mo for cash returns. Annual cash flow comes to $3,305/yr on $75,914 deployed, and return on cash invested reaches 24.26% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 10.08%. Five-year ROI measures 127.54% and total cumulative return in cash totals $96,821.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,924/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1980
3,049 sqft lot
$N/A/sqft
$75 annually HOA
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Listed by: Marylou Johnston • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #380118
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