3038 Olson RdTallahasseeFL32308
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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 3038 Olson Rd, Tallahassee, FL, 32308 earns $618/mo cash flow from $2,978/mo rent with a $1,615/mo payment. Total monthly income totals $2,978/mo, and annual cash flow totals $7,412/yr on $109,362 capital. ROI tracks 26.69% on current figures, and rental yield reads 10.83% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 140.45% and total cumulative return in cash sums $153,603. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,978/mo property income instead of your personal income.
Single Family
Built in 1998
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Danielle Doughty • Hollifield Real Estate Group
Mls Name: TBR
Mls Provider:
Mls ID: #384792
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.