2553 Fred Smith RdTallahasseeFL32303
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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 2553 Fred Smith Rd, Tallahassee, FL, 32303 priced at $220,000 pairs $1,668/mo rent with $158/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,668/mo, and annual cash flow comes to $1,894/yr on $72,930 invested. Return on cash invested is 22.51% in year one, and rental yield stands at 9.1% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 117.65% and total cumulative return in cash reaches $85,799. For financing, Ziffy Mortgage’s DSCR program evaluates $1,668/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1993
3,049 sqft lot
$N/A/sqft
$600 annually 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: Erica Lyles • Century 21 First Story
Mls Name: TBR
Mls Provider:
Mls ID: #377763
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.