4388 Grove Park DrTallahasseeFL32311
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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 4388 Grove Park Dr, Tallahassee, FL, 32311 priced at $409,000 converts $3,072/mo rent into $153/mo cash flow after a $2,002/mo obligation. Total monthly income equals $3,072/mo, and annual cash flow totals $1,835/yr on $135,584 invested. Return on cash invested prints 21.26% in year one, and rental yield reads 9.01% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 111.34% and total cumulative return in cash sums $150,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,072/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Single Family
Built in 2005
4,791 sqft lot
$N/A/sqft
$780 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32311, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,854 (100%) |
| Owner Occupied HU | 6,245 (57.5%) |
| Renter Occupied HU | 3,985 (36.7%) |
| Vacant Housing Units | 624 ( 5.7%) |
| Median Home Value | $377,301 |
| Average Home Value | $404,625 |
Housing Distribution
Address Breakdown
Residential
10,306
Single Family
7,603
Multi-Family
2,703
Businesses
210
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Listed by: Melissa Montalvo • The Nova Group Realty
Mls Name: TBR
Mls Provider:
Mls ID: #381619
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.