3847 Matt Wing RdTallahasseeFL32311
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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
Rental property for sale in Tallahassee at 3847 Matt Wing Rd, Tallahassee, FL, 32311 generates $1,096/mo in rent and, after a $685/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,096/mo, and annual cash flow is $1,971/yr on $46,410 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 9.39% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 126.31% and total cumulative return in cash sums $58,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,096/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32311, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 6,245 (57.5%) |
| Renter Occupied HU | 3,985 (36.7%) |
| Vacant Housing Units | 624 ( 5.7%) |
| Median Home Value | $377,301 |
| Average Home Value | $404,625 |
Housing Distribution
Address Breakdown
Residential
10,306
Single Family
7,603
Multi-Family
2,703
Businesses
210
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Listed by: Frederick J Kinch • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #381411
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.