296 Whetherbine Way ETallahasseeFL32301
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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
Rental property for sale in Tallahassee at 296 Whetherbine Way E, Tallahassee, FL, 32301 priced at $200,000 pairs $1,607/mo rent with $280/mo cash flow after a $979/mo payment. Total monthly income equals $1,607/mo, and annual cash flow comes to $3,356/yr on $66,300 invested. Return on cash invested is 24.97% in year one, and rental yield stands at 9.64% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 130.58% and total cumulative return in cash reaches $86,576. For financing, Ziffy Mortgage’s DSCR program evaluates $1,607/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1987
6,098 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: Dwayne Gavin • The Gavin Group Real Estate LL
Mls Name: TBR
Mls ID: #395143