2560 Pine Ridge RdTallahasseeFL32308
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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 2560 Pine Ridge Rd, Tallahassee, FL, 32308 offers a 10.25% rental yield on a $679,900 purchase with $5,808/mo rent. Total monthly income registers $5,808/mo, and a $3,328/mo payment leaves $1,296/mo available for distribution. Annual cash flow reaches $15,550/yr on $223,687 to close, and return on cash invested stands at 27.01% in year one. Equity gained on principal adds $4,387/yr while 5% annual appreciation supports $187,844 over five years. Portfolio math shows five-year ROI at 141.48% and total cumulative return in cash at $316,481. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,808/mo property income against a $3,328/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Hettie R Spooner • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #391126
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.