631 Chancey LnTallahasseeFL32308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 631 Chancey Ln, Tallahassee, FL, 32308 with 5% annual appreciation on a $869,000 basis while $5,963/mo rent supports operations. Total monthly income totals $5,963/mo and a $4,253/mo payment preserves $97/mo for cash returns. Annual cash flow comes to $1,159/yr on $285,901 deployed, and return on cash invested reaches 20.47% in year one. Equity gained on principal adds $5,608/yr, and five-year appreciation sums $240,089 alongside rental yield of 8.23%. Five-year ROI measures 106.54% and total cumulative return in cash totals $304,595.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,963/mo property income versus a $4,253/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jake Dodson • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #381633
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.