2802 Primrose LnTallahasseeFL32301
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
Investment property for sale in Tallahassee at 2802 Primrose Ln, Tallahassee, FL, 32301 uses $124,313 cash to close to unlock $2,338/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $2,683/mo, and a $1,835/mo payment keeps the spread at $195/mo. Purchase price stands at $375,000, and rental yield measures 8.59% with $2,683/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 113.51% and total cumulative return in cash records $141,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,683/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1976
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robyn P Yant • Paul Lizet Realty Group, LLC
Mls Name: TBR
Mls ID: #392735