5003 Vernon RdTallahasseeFL32317
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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 5003 Vernon Rd, Tallahassee, FL, 32317 priced at $339,999 pairs $2,987/mo rent with $731/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,987/mo, and annual cash flow comes to $8,770/yr on $112,710 invested. Return on cash invested is 27.69% in year one, and rental yield stands at 10.54% on a $339,999 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,935 by year five. Five-year ROI measures 145.16% and total cumulative return in cash reaches $163,614. For financing, Ziffy Mortgage’s DSCR program evaluates $2,987/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.46 Acres lot
$N/A/sqft
No 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
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Listed by: Corry Edmondson • The Nova Group Realty
Mls Name: TBR
Mls ID: #391577