3315 Magazine CirTallahasseeFL32312
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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 3315 Magazine Cir, Tallahassee, FL, 32312 offers a 11.42% rental yield on a $599,900 purchase with $5,708/mo rent. Total monthly income registers $5,708/mo, and a $2,936/mo payment leaves $1,522/mo available for distribution. Annual cash flow reaches $18,259/yr on $197,367 to close, and return on cash invested stands at 29.31% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 154.28% and total cumulative return in cash at $304,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,708/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$2,467 annually 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: Kevin L Collins • Summit Group Realty, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #372679
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.