2738 W Tharpe St #1004TallahasseeFL32303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2738 W Tharpe St #1004, Tallahassee, FL, 32303 generates $1,147/mo in rent and, after a $719/mo payment, leaves $172/mo in cash flow. Total monthly income is $1,147/mo, and annual cash flow is $2,064/yr on $48,731 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 9.36% on a $147,000 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 126.13% and total cumulative return in cash sums $61,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,147/mo property income rather than buyer’s personal income.
Condo
Built in 2004
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alisa McMahon • Bluewater Realty Group
Mls Name: TBR
Mls ID: #393917