2875 Thornton RdTallahasseeFL32308
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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 2875 Thornton Rd, Tallahassee, FL, 32308 uses $164,093 cash to close to unlock $1,426/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $3,404/mo, and a $2,423/mo payment keeps the spread at $119/mo. Purchase price stands at $495,000, and rental yield measures 8.25% with $3,404/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 108.08% and total cumulative return in cash records $177,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,404/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1981
4.76 Acres 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: Shelley Duke • Red Bird Realty
Mls Name: TBR
Mls Provider:
Mls ID: #384089
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.