4296 Cool Emerald DrTallahasseeFL32303
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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 4296 Cool Emerald Dr, Tallahassee, FL, 32303 uses $99,284 cash to close to unlock $7,020/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,466/mo payment keeps the spread at $585/mo. Purchase price stands at $299,500, and rental yield measures 10.58% with $2,640/mo rent. Return on cash invested shows 26.98% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 141.62% and total cumulative return in cash records $140,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Single Family
Built in 1996
6,098 sqft lot
$N/A/sqft
$90 annually 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: Shehu Tagoe • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #374360
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.