3022 Fermanagh 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
Rental property for sale in Tallahassee at 3022 Fermanagh Dr, Tallahassee, FL, 32309 generates $4,867/mo in rent and, after a $2,589/mo payment, leaves $1,274/mo in cash flow. Total monthly income is $4,867/mo, and annual cash flow is $15,283/yr on $174,041 invested. Return on cash invested sits at 28.84% in year one, and rental yield is 11.04% on a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 151.51% and total cumulative return in cash sums $263,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,867/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.06 Acres lot
$N/A/sqft
$600 annually HOA
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Listed by: Jason C Naumann • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #389081
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.