3158 Folsom RdTallahasseeFL32312
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3158 Folsom Rd, Tallahassee, FL, 32312 in Tallahassee at $335,000 earns $2,348/mo in rent and nets $125/mo after the $1,506/mo payment, a 8.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $92,554 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $3,085/yr in principal paydown, total projected return reaches $135,745.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.5% |
| Monthly Cash Flow | $125 | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,348 |
| Total Monthly Debt Service | $2,090 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1992
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32312, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 11,213 (81.3%) |
| Renter Occupied HU | 2,059 (14.9%) |
| Vacant Housing Units | 524 ( 3.8%) |
| Median Home Value | $462,180 |
| Average Home Value | $525,896 |
Housing Distribution
Address Breakdown
Residential
13,727
Single Family
12,909
Multi-Family
818
Businesses
495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1992
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32312, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,796 (100%) |
| Owner Occupied HU | 11,213 (81.3%) |
| Renter Occupied HU | 2,059 (14.9%) |
| Vacant Housing Units | 524 ( 3.8%) |
| Median Home Value | $462,180 |
| Average Home Value | $525,896 |
Housing Distribution
Address Breakdown
Residential
13,727
Single Family
12,909
Multi-Family
818
Businesses
495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynnaye Boyd • Resilience Realty
Mls Name: TBR
Mls ID: #396074