301 Westwood Dr #301TallahasseeFL32304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 301 Westwood Dr #301, Tallahassee, FL, 32304 uses $46,410 cash to close to unlock $2,006/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,096/mo, and a $685/mo payment keeps the spread at $167/mo. Purchase price stands at $140,000, and rental yield measures 9.39% with $1,096/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $58,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,096/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marsia Miller • 1st Choice Real Estate Service
Mls Name: TBR
Mls ID: #392027