642 E Georgia StTallahasseeFL32308
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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 642 E Georgia St, Tallahassee, FL, 32308 priced at $220,000 converts $3,358/mo rent into $1,550/mo cash flow after a $1,077/mo obligation. Total monthly income equals $3,358/mo, and annual cash flow totals $18,596/yr on $72,930 invested. Return on cash invested prints 45.41% in year one, and rental yield reads 18.32% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 242.25% and total cumulative return in cash sums $176,675. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,358/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.34 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
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Listed by: Joe Serpico • Serpico Realty, Inc.
Mls Name: TBR
Mls Provider:
Mls ID: #389087
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.