6987 Magazine StTallahasseeFL32212
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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 6987 Magazine St, Tallahassee, FL, 32212 listed at $668,000 pairs $3,400/mo rent with a $3,270/mo payment. Total monthly income runs $3,400/mo. Return on cash invested measures 14.42% in year one, and rental yield registers 6.11% at a $668,000 basis. Equity gained on principal adds $4,311/yr, and annual property appreciation at 5% supports $184,556 by year five. Five-year ROI tracks 73.96% and total cumulative return in cash totals $162,541. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,400/mo property income relative to a $3,270/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32212, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 157 (100%) |
| Owner Occupied HU | 51 (32.5%) |
| Renter Occupied HU | 95 (60.5%) |
| Vacant Housing Units | 11 ( 7.0%) |
| Median Home Value | $350,000 |
| Average Home Value | $357,206 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
117
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Listed by: Kevin L Collins • Summit Group Realty, LLC
Mls Name: TBR
Mls ID: #393299