316 Westwood Dr UNIT 316TallahasseeFL32304
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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 316 Westwood Dr UNIT 316, Tallahassee, FL, 32304 listed at $112,500 pairs $848/mo rent with a $551/mo payment to leave $101/mo cash flow. Total monthly income runs $848/mo, and annual cash flow reaches $1,213/yr on $37,294 cash to close. Return on cash invested measures 23.16% in year one, and rental yield registers 9.05% at a $112,500 basis. Equity gained on principal adds $726/yr, and annual property appreciation at 5% supports $31,082 by year five. Five-year ROI tracks 121% and total cumulative return in cash totals $45,124. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $848/mo property income relative to a $551/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
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Listed by: Kaye C Bishop • Southern Oaks Real Estate
Mls Name: TBR
Mls ID: #387363