4223 Teridan CtTallahasseeFL32303
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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
Investment property for sale in Tallahassee at 4223 Teridan Ct, Tallahassee, FL, 32303 uses $62,654 cash to close to unlock $26,970/yr annual cash flow and $2,248/mo monthly cash flow. Total monthly income runs $3,514/mo, and a $925/mo payment keeps the spread at $2,248/mo. Purchase price stands at $189,000, and rental yield measures 22.31% with $3,514/mo rent. Return on cash invested shows 62.96% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 334.37% and total cumulative return in cash records $209,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,514/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1979
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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Listed by: Eli Tsisin • IPO Realty Inc.
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10441004
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.