308 Chastain LnTallahasseeFL32305
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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 308 Chastain Ln, Tallahassee, FL, 32305 priced at $229,900 converts $2,936/mo rent into $1,401/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,936/mo, and annual cash flow totals $16,815/yr on $76,212 invested. Return on cash invested prints 41.97% in year one, and rental yield reads 15.32% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 221.84% and total cumulative return in cash sums $169,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,936/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 2006
6,098 sqft lot
$N/A/sqft
$112 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32305, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,904 (100%) |
| Owner Occupied HU | 5,307 (59.6%) |
| Renter Occupied HU | 2,774 (31.2%) |
| Vacant Housing Units | 823 ( 9.2%) |
| Median Home Value | $176,189 |
| Average Home Value | $279,668 |
Housing Distribution
Address Breakdown
Residential
8,332
Single Family
7,766
Multi-Family
566
Businesses
300
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Listed by: Charles Cooper • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #371863
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