2472 Lantana LnTallahasseeFL32311
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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 2472 Lantana Ln, Tallahassee, FL, 32311 priced at $425,000 converts $3,080/mo rent into $260/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,080/mo, and annual cash flow totals $3,117/yr on $140,888 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 8.7% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 115.29% and total cumulative return in cash sums $162,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,080/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32311, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 6,245 (57.5%) |
| Renter Occupied HU | 3,985 (36.7%) |
| Vacant Housing Units | 624 ( 5.7%) |
| Median Home Value | $377,301 |
| Average Home Value | $404,625 |
Housing Distribution
Address Breakdown
Residential
10,306
Single Family
7,603
Multi-Family
2,703
Businesses
210
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Listed by: Chip L Williams • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #395054