3535 Cherokee Ridge TrlTallahasseeFL32312
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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 3535 Cherokee Ridge Trl, Tallahassee, FL, 32312 earns $531/mo cash flow from $2,729/mo rent with a $1,614/mo payment. Total monthly income totals $2,729/mo, and annual cash flow totals $6,368/yr on $109,312 capital. ROI tracks 25.73% on current figures, and rental yield reads 9.93% at a $329,750 purchase. Equity gained on principal adds $2,128/yr, and 5% annual appreciation supports $91,104 over five years. Five-year ROI reaches 134.72% and total cumulative return in cash sums $147,268. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,729/mo property income instead of your personal income.
Single Family
Built in 1984
0.33 Acres lot
$N/A/sqft
$120 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: Joanna McIver • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #392482
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.