2508 Patsy Ann LnTallahasseeFL32303
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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 2508 Patsy Ann Ln, Tallahassee, FL, 32303 priced at $250,000 converts $1,897/mo rent into $238/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,897/mo, and annual cash flow totals $2,851/yr on $82,875 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.11% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 121.89% and total cumulative return in cash sums $101,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,897/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1994
7,405 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: Corinne N Johnston • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #384436
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.