487 Grand Oaks RdTallahasseeFL32317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 487 Grand Oaks Rd, Tallahassee, FL, 32317 offers $3,282/mo rent that, after a $2,039/mo payment, leaves $321/mo cash flow. Total monthly income is $3,282/mo, and annual cash flow is $3,847/yr on $138,074 cash. Return on cash invested measures 22.7% in year one, and rental yield stands at 9.46% at a $416,512 entry. Equity gained on principal adds $2,688/yr while 5% annual appreciation compounds into $115,075 by year five. Five-year ROI records 119% and total cumulative return in cash reaches $164,308. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,282/mo property income versus a $2,039/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
4,791 sqft lot
$N/A/sqft
$935 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcus Edenfield • Capital Property Consultants
Mls Name: TBR
Mls Provider:
Mls ID: #356491
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.