3842 Edgewater DrTallahasseeFL32310
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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 3842 Edgewater Dr, Tallahassee, FL, 32310 at $475,000 posts ROI 10.53% with from $1,921/mo rent. Total monthly income equals $1,921/mo. Return on cash invested measures 10.53% and rental yield reads 4.85% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 53.11% and total cumulative return in cash totals $83,623. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,921/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32310, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,359 (100%) |
| Owner Occupied HU | 3,341 (40.0%) |
| Renter Occupied HU | 3,847 (46.0%) |
| Vacant Housing Units | 1,171 (14.0%) |
| Median Home Value | $214,020 |
| Average Home Value | $279,575 |
Housing Distribution
Address Breakdown
Residential
6,808
Single Family
6,155
Multi-Family
653
Businesses
397
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Listed by: Kelly S Chavers • Hum Real Estate
Mls Name: TBR
Mls ID: #392242