4015 Kilmartin DrTallahasseeFL32309
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4015 Kilmartin Dr, Tallahassee, FL, 32309 in Tallahassee earns a respectable 8% gross yield at $499,900, but after the $2,248/mo mortgage the net cash flow is $4/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.66) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $138,113 over five years, making equity the dominant return driver. Total projected return: $216,054.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.5% |
| Monthly Cash Flow | $4 | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,726 |
| Total Monthly Debt Service | $3,131 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1986
0.31 Acres lot
$N/A/sqft
$150 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 1986
0.31 Acres lot
$N/A/sqft
$150 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bryce Carpenter • Avenue Realty FL
Mls Name: TBR
Mls Provider:
Mls ID: #387871
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.