2901 E Park Ave UNIT 1500TallahasseeFL32301
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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 2901 E Park Ave UNIT 1500, Tallahassee, FL, 32301 offers a 9.49% rental yield on a $149,000 purchase with $1,178/mo rent. Total monthly income registers $1,178/mo, and a $729/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,274/yr on $49,394 to close, and return on cash invested stands at 24.51% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 128.16% and total cumulative return in cash at $63,304. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,178/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
N/A 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: Michael Phillips • Engel & Vlkers Tallahassee
Mls Name: Engel & Volkers
Mls ID: #AM-5087206