3248 Newberry BlvdTallahasseeFL32311
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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
Rental property for sale in Tallahassee at 3248 Newberry Blvd, Tallahassee, FL, 32311 priced at $406,000 pairs $2,711/mo rent with after a $1,987/mo payment. Total monthly income equals $2,711/mo. Return on cash invested is 19.02% in year one, and rental yield stands at 8.01% on a $406,000 basis. Equity gained on principal adds $2,620/yr, and 5% annual appreciation accumulates to $112,170 by year five. Five-year ROI measures 99.02% and total cumulative return in cash reaches $133,264. For financing, Ziffy Mortgage’s DSCR program evaluates $2,711/mo property income against a $1,987/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
4,791 sqft lot
$N/A/sqft
$780 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32311, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 6,245 (57.5%) |
| Renter Occupied HU | 3,985 (36.7%) |
| Vacant Housing Units | 624 ( 5.7%) |
| Median Home Value | $377,301 |
| Average Home Value | $404,625 |
Housing Distribution
Address Breakdown
Residential
10,306
Single Family
7,603
Multi-Family
2,703
Businesses
210
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Listed by: Michelle Speisman • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #385642
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.