2885 Par Ln APT ATallahasseeFL32301
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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 2885 Par Ln APT A, Tallahassee, FL, 32301 offers a 9.46% rental yield on a $160,000 purchase with $1,262/mo rent. Total monthly income registers $1,262/mo, and a $783/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,404/yr on $53,040 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 127.79% and total cumulative return in cash at $67,778. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,262/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
1,306 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
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Listed by: Christie Perkins • Coldwell Banker Hartung
Mls Name: TBR
Mls ID: #393989