537 Lorene St #0TallahasseeFL32304
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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 537 Lorene St #0, Tallahassee, FL, 32304 projects strong ROI of 0.95%. Rental yield 1.67%. With 5% annual appreciation, the property builds $621,634 in value over five years. Equity growth combined delivers a projected five-year ROI of 1.69%, translating into $12,353 in total cumulative return on $729,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
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Listed by: Robert Leparulo • Main Street Real Estate Group
Mls Name: TBR
Mls Provider:
Mls ID: #384130
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.