3114 McCord BlvdTallahasseeFL32303
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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 3114 McCord Blvd, Tallahassee, FL, 32303 uses $91,163 cash to close to unlock $4,104/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,167/mo, and a $1,346/mo payment keeps the spread at $342/mo. Purchase price stands at $275,000, and rental yield measures 9.46% with $2,167/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 127.63% and total cumulative return in cash records $116,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,167/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1994
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Chelsey N Hough • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #393067