3585 Gardenview WayTallahasseeFL32309
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing3585 Gardenview Way, Tallahassee, FL, 32309 in Tallahassee is a stable, well-positioned rental at $510,000. Rental yield 6.19%. DSCR 1.18 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $140,904 in value and $4,697/yr in principal paydown builds equity, a total projected return of $149,387.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.5% |
| Monthly Cash Flow | $(792) | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,709 |
| Total Monthly Debt Service | $3,208 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
0.35 Acres lot
$N/A/sqft
$200 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1990
0.35 Acres lot
$N/A/sqft
$200 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony R Laudadio • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #387437
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.