585 Chigger LnTallahasseeFL32304
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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 585 Chigger Ln, Tallahassee, FL, 32304 at $397,000 posts ROI 17.17% with from $2,334/mo rent. Total monthly income equals $2,334/mo. Return on cash invested measures 17.17% and rental yield reads 7.05% at the current $397,000. Equity gained on principal adds $2,562/yr, and 5% annual appreciation supports $109,684 by year five. Five-year ROI prints 88.75% and total cumulative return in cash totals $116,794. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,334/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
4.20 Acres 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: Alexandra N Cook • Torreya Realty Inc
Mls Name: CPAR
Mls ID: #782797