2981 Teton TrlTallahasseeFL32303
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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 2981 Teton Trl, Tallahassee, FL, 32303 uses $89,174 cash to close to unlock $6,126/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,296/mo, and a $1,317/mo payment keeps the spread at $510/mo. Purchase price stands at $269,000, and rental yield measures 10.24% with $2,296/mo rent. Return on cash invested shows 26.78% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 140.3% and total cumulative return in cash records $125,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,296/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Barry W Bevis • Bevis Realty
Mls Name: TBR
Mls ID: #395391