405 Mercury DrTallahasseeFL32305
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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 405 Mercury Dr, Tallahassee, FL, 32305 priced at $267,900 pairs $1,842/mo rent with $64/mo cash flow after a $1,311/mo payment. Total monthly income equals $1,842/mo, and annual cash flow comes to $773/yr on $88,809 invested. Return on cash invested is 20.78% in year one, and rental yield stands at 8.25% on a $267,900 basis. Equity gained on principal adds $1,729/yr, and 5% annual appreciation accumulates to $74,016 by year five. Five-year ROI measures 108.11% and total cumulative return in cash reaches $96,014. For financing, Ziffy Mortgage’s DSCR program evaluates $1,842/mo property income against a $1,311/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32305, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,904 (100%) |
| Owner Occupied HU | 5,307 (59.6%) |
| Renter Occupied HU | 2,774 (31.2%) |
| Vacant Housing Units | 823 ( 9.2%) |
| Median Home Value | $176,189 |
| Average Home Value | $279,668 |
Housing Distribution
Address Breakdown
Residential
8,332
Single Family
7,766
Multi-Family
566
Businesses
300
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Listed by: Odell J Ford • Kingdom First Realty, Inc.
Mls Name: TBR
Mls Provider:
Mls ID: #349900
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.