4746 Planters Ridge 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 4746 Planters Ridge Dr, Tallahassee, FL, 32311 priced at $348,000 pairs $2,850/mo rent with $541/mo cash flow after a $1,703/mo payment. Total monthly income equals $2,850/mo, and annual cash flow comes to $6,491/yr on $115,362 invested. Return on cash invested is 25.54% in year one, and rental yield stands at 9.83% on a $348,000 basis. Equity gained on principal adds $2,246/yr, and 5% annual appreciation accumulates to $96,146 by year five. Five-year ROI measures 133.59% and total cumulative return in cash reaches $154,114. For financing, Ziffy Mortgage’s DSCR program evaluates $2,850/mo property income against a $1,703/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
7,405 sqft lot
$N/A/sqft
No 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: Tiffany R Hamilton • Hamilton Realty Advisors LLC
Mls Name: TBR
Mls ID: #390206