2994 Cranbrooke DrTallahasseeFL32309
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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 2994 Cranbrooke Dr, Tallahassee, FL, 32309 offers a 9.67% rental yield on a $360,000 purchase with $2,900/mo rent. Total monthly income registers $2,900/mo, and a $1,762/mo payment leaves $511/mo available for distribution. Annual cash flow reaches $6,132/yr on $119,340 to close, and return on cash invested stands at 25.05% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 130.97% and total cumulative return in cash at $156,297. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,900/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.28 Acres lot
$N/A/sqft
No HOA
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Listed by: Sarah Springer • Pathways Realty
Mls Name: TBR
Mls Provider:
Mls ID: #385458
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.