2977 Parramore Shores RdTallahasseeFL32310
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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 2977 Parramore Shores Rd, Tallahassee, FL, 32310 listed at $419,999 pairs $2,426/mo rent with a $2,056/mo payment. Total monthly income runs $2,426/mo. Return on cash invested measures 16.79% in year one, and rental yield registers 6.93% at a $419,999 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 86.74% and total cumulative return in cash totals $120,763. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,426/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32310, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,359 (100%) |
| Owner Occupied HU | 3,341 (40.0%) |
| Renter Occupied HU | 3,847 (46.0%) |
| Vacant Housing Units | 1,171 (14.0%) |
| Median Home Value | $214,020 |
| Average Home Value | $279,575 |
Housing Distribution
Address Breakdown
Residential
6,808
Single Family
6,155
Multi-Family
653
Businesses
397
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