2720 Oak Park CtTallahasseeFL32308
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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 2720 Oak Park Ct, Tallahassee, FL, 32308 priced at $207,000 converts $2,147/mo rent into $748/mo cash flow after a $1,013/mo obligation. Total monthly income equals $2,147/mo, and annual cash flow totals $8,982/yr on $68,621 invested. Return on cash invested prints 33% in year one, and rental yield reads 12.45% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 173.8% and total cumulative return in cash sums $119,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Townhouse
Built in 1996
4,356 sqft lot
$N/A/sqft
$300 annually 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: Brandon Chason • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #376072
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.