3046 Banks Rd,Tallahassee,FL,32309

Investment Highlights

Rental property for sale in Tallahassee at 3046 Banks Rd, Tallahassee, FL, 32309 generates $2,522/mo in rent and, after a $1,711/mo payment, leaves $202/mo in cash flow. Total monthly income is $2,522/mo, and annual cash flow is $2,427/yr on $115,859 invested. Return on cash invested sits at 22% in year one, and rental yield is 8.66% on a $349,500 entry. Equity gained on principal adds $2,255/yr, while 5% annual appreciation builds toward $96,560 over five years. Five-year ROI reaches 114.69% and total cumulative return in cash sums $132,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,522/mo property income rather than buyer’s personal income.