2894 Lakeshore DrTallahasseeFL32312
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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 2894 Lakeshore Dr, Tallahassee, FL, 32312 earns $221/mo cash flow from $1,837/mo rent with a $1,125/mo payment. Total monthly income totals $1,837/mo, and annual cash flow totals $2,652/yr on $76,212 capital. ROI tracks 23.39% on current figures, and rental yield reads 9.59% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 122.59% and total cumulative return in cash sums $93,431. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,837/mo property income instead of your personal income.
Townhouse
Built in 2005
4,791 sqft lot
$N/A/sqft
No 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: Phillip Summers • Summers Realty Of Tallahassee,
Mls Name: TBR
Mls Provider:
Mls ID: #389436
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.