616 Hampton AveTallahasseeFL32310
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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 616 Hampton Ave, Tallahassee, FL, 32310 priced at $275,300 converts $2,024/mo rent into $95/mo cash flow after a $1,347/mo obligation. Total monthly income equals $2,024/mo, and annual cash flow totals $1,142/yr on $91,262 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 8.82% against a $275,300 entry. Equity gained on principal adds $1,776/yr, while 5% annual appreciation compiles into $76,060 by year five. Five-year ROI reaches 110.67% and total cumulative return in cash sums $101,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,024/mo property income covering a $1,347/mo payment, not borrower’s personal income.
Multi Family
Built in 1993
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32310, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,359 (100%) |
| Owner Occupied HU | 3,341 (40.0%) |
| Renter Occupied HU | 3,847 (46.0%) |
| Vacant Housing Units | 1,171 (14.0%) |
| Median Home Value | $214,020 |
| Average Home Value | $279,575 |
Housing Distribution
Address Breakdown
Residential
6,808
Single Family
6,155
Multi-Family
653
Businesses
397
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