320 Skate DrTallahasseeFL32312
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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 320 Skate Dr, Tallahassee, FL, 32312 offers a 8.01% rental yield on a $352,500 purchase with $2,353/mo rent. Total monthly income registers $2,353/mo, and a $1,725/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $169/yr on $116,854 to close, and return on cash invested stands at 20.05% in year one. Equity gained on principal adds $2,275/yr while 5% annual appreciation supports $97,389 over five years. Portfolio math shows five-year ROI at 104.24% and total cumulative return in cash at $121,807. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,353/mo property income against a $1,725/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.28 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
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Listed by: Reginald C Jahn • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #384510
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.