3059 N Shannon Lakes 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
Investment property for sale in Tallahassee at 3059 N Shannon Lakes Dr, Tallahassee, FL, 32309 uses $157,463 cash to close to unlock $8,253/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $3,840/mo, and a $2,325/mo payment keeps the spread at $688/mo. Purchase price stands at $475,000, and rental yield measures 9.7% with $3,840/mo rent. Return on cash invested shows 25.15% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 131.53% and total cumulative return in cash records $207,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.45 Acres lot
$N/A/sqft
No HOA
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Listed by: Bill Enright • Coldwell Banker Hartung
Mls Name: TBR
Mls ID: #395429