2861 Baltic AveTallahasseeFL32308
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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 2861 Baltic Ave, Tallahassee, FL, 32308 listed at $145,000 pairs $1,185/mo rent with a $710/mo payment to leave $222/mo cash flow. Total monthly income runs $1,185/mo, and annual cash flow reaches $2,670/yr on $48,068 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 9.81% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 133.25% and total cumulative return in cash totals $64,052. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,185/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
6,969 sqft 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: Darin L Jacobs • Superior Realty Group LLC
Mls Name: TBR
Mls ID: #392828