3494 Chatelaine CtTallahasseeFL32308
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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 3494 Chatelaine Ct, Tallahassee, FL, 32308 uses $86,157 cash to close to unlock $892/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $1,799/mo, and a $1,272/mo payment keeps the spread at $74/mo. Purchase price stands at $259,900, and rental yield measures 8.31% with $1,799/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 109.01% and total cumulative return in cash records $93,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Eric W Smallridge • Proper Real Estate Advisors
Mls Name: TBR
Mls ID: #389998