2961 Viking WayTallahasseeFL32308
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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 2961 Viking Way, Tallahassee, FL, 32308 earns $206/mo cash flow from $1,832/mo rent with a $1,175/mo payment. Total monthly income totals $1,832/mo, and annual cash flow totals $2,468/yr on $79,560 capital. ROI tracks 23.01% on current figures, and rental yield reads 9.16% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 120.24% and total cumulative return in cash sums $95,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,832/mo property income instead of your personal income.
Single Family
Built in 2001
3,484 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Patti E Ketcham • Ketcham Realty Group, Inc.
Mls Name: TBR
Mls Provider:
Mls ID: #389911
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.