523 Tung Hill DrTallahasseeFL32317
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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 523 Tung Hill Dr, Tallahassee, FL, 32317 priced at $476,900 converts $3,934/mo rent into $769/mo cash flow after a $2,334/mo obligation. Total monthly income equals $3,934/mo, and annual cash flow totals $9,233/yr on $158,092 invested. Return on cash invested prints 25.75% in year one, and rental yield reads 9.9% against a $476,900 entry. Equity gained on principal adds $3,077/yr, while 5% annual appreciation compiles into $131,759 by year five. Five-year ROI reaches 134.76% and total cumulative return in cash sums $213,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,934/mo property income covering a $2,334/mo payment, not borrower’s personal income.
Single Family
Built in 1986
2.02 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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