3009 Fairview DrTallahasseeFL32301
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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 3009 Fairview Dr, Tallahassee, FL, 32301 priced at $145,000 pairs $1,088/mo rent with $98/mo cash flow after a $710/mo payment. Total monthly income equals $1,088/mo, and annual cash flow comes to $1,172/yr on $48,068 invested. Return on cash invested is 22.35% in year one, and rental yield stands at 9% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 116.78% and total cumulative return in cash reaches $56,132. For financing, Ziffy Mortgage’s DSCR program evaluates $1,088/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
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: Cole Davis • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #381769
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.