2905 Lasswade DrTallahasseeFL32312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2905 Lasswade Dr, Tallahassee, FL, 32312 uses $116,025 cash to close to unlock $5,489/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $2,780/mo, and a $1,713/mo payment keeps the spread at $457/mo. Purchase price stands at $350,000, and rental yield measures 9.53% with $2,780/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 128.81% and total cumulative return in cash records $149,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,780/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.55 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kenley B Stringer • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #394288