4194 Ballard RdTallahasseeFL32305
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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 4194 Ballard Rd, Tallahassee, FL, 32305 priced at $110,000 converts $857/mo rent into $127/mo cash flow after a $538/mo obligation. Total monthly income equals $857/mo, and annual cash flow totals $1,529/yr on $36,465 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 9.35% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 125.97% and total cumulative return in cash sums $45,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $857/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
1.07 Acres 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: Xian Long • Gary Bartlett Real Estate
Mls Name: TBR
Mls ID: #391558