2801 Chancellorsville Dr APT 704TallahasseeFL32312
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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 2801 Chancellorsville Dr APT 704, Tallahassee, FL, 32312 uses $57,184 cash to close to unlock $895/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $1,644/mo, and a $844/mo payment keeps the spread at $75/mo. Purchase price stands at $172,500, and rental yield measures 11.44% with $1,644/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 115.11% and total cumulative return in cash records $65,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,644/mo property income covering a $844/mo payment rather than investor’s personal income.
Condo
Built in 2004
0.25 Acres lot
$N/A/sqft
$4,230 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32312, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 11,213 (81.3%) |
| Renter Occupied HU | 2,059 (14.9%) |
| Vacant Housing Units | 524 ( 3.8%) |
| Median Home Value | $462,180 |
| Average Home Value | $525,896 |
Housing Distribution
Address Breakdown
Residential
13,727
Single Family
12,909
Multi-Family
818
Businesses
495
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Listed by: Kevin M Davis • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #379823
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.