3273 Connie DrTallahasseeFL32311
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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 3273 Connie Dr, Tallahassee, FL, 32311 uses $52,709 cash to close to unlock $3,025/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $1,307/mo, and a $778/mo payment keeps the spread at $252/mo. Purchase price stands at $159,000, and rental yield measures 9.86% with $1,307/mo rent. Return on cash invested shows 25.65% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 134.3% and total cumulative return in cash records $70,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,307/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
8,712 sqft lot
$N/A/sqft
No 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: Nancy Foley • Xcellence Realty
Mls Name: TBR
Mls ID: #387364