3839 Wiggington RdTallahasseeFL32303
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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 3839 Wiggington Rd, Tallahassee, FL, 32303 offers a 12.51% rental yield on a $184,000 purchase with $1,918/mo rent. Total monthly income registers $1,918/mo, and a $901/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,131/yr on $60,996 to close, and return on cash invested stands at 31.6% in year one. Equity gained on principal adds $1,187/yr while 5% annual appreciation supports $50,836 over five years. Portfolio math shows five-year ROI at 166.93% and total cumulative return in cash at $101,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,918/mo property income against a $901/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Catherine Beeche • Xcellence Realty
Mls Name: TBR
Mls Provider:
Mls ID: #389905
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.