508 Karcher AveTallahasseeFL32317
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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 508 Karcher Ave, Tallahassee, FL, 32317 earns from $3,664/mo rent with a $2,726/mo payment. Total monthly income totals $3,664/mo. ROI tracks 17.42% on current figures, and rental yield reads 7.89% at a $557,000 purchase. Equity gained on principal adds $3,594/yr, and 5% annual appreciation supports $153,889 over five years. Five-year ROI reaches 90.93% and total cumulative return in cash sums $166,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,664/mo property income instead of your personal income.
Single Family
Built in 2021
2,613 sqft lot
$N/A/sqft
$4,200 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
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Listed by: Renee Glennon • Coldwell Banker Hartung
Mls Name: TBR
Mls Provider:
Mls ID: #384848
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.