400 Lewis StTallahasseeFL32301
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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 400 Lewis St, Tallahassee, FL, 32301 priced at $189,500 converts $1,615/mo rent into $357/mo cash flow after a $928/mo obligation. Total monthly income equals $1,615/mo, and annual cash flow totals $4,283/yr on $62,819 invested. Return on cash invested prints 26.73% in year one, and rental yield reads 10.23% against a $189,500 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation compiles into $52,355 by year five. Five-year ROI reaches 140% and total cumulative return in cash sums $87,947. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,615/mo property income covering a $928/mo payment, not borrower’s personal income.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32301, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,100 (100%) |
| Owner Occupied HU | 4,657 (27.2%) |
| Renter Occupied HU | 10,397 (60.8%) |
| Vacant Housing Units | 2,046 (12.0%) |
| Median Home Value | $263,068 |
| Average Home Value | $330,301 |
Housing Distribution
Address Breakdown
Residential
14,157
Single Family
9,547
Multi-Family
4,610
Businesses
1,930
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Listed by: Christie Perkins • Coldwell Banker Hartung
Mls Name: TBR
Mls ID: #393638