3145 Parkridge DrTallahasseeFL32305
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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 3145 Parkridge Dr, Tallahassee, FL, 32305 uses $116,025 cash to close to unlock $4,205/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $2,673/mo, and a $1,713/mo payment keeps the spread at $350/mo. Purchase price stands at $350,000, and rental yield measures 9.16% with $2,673/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 122.88% and total cumulative return in cash records $142,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,673/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.69 Acres lot
$N/A/sqft
No 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: #386514
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.