7049 Carmel Dr,Tallahassee,FL,32309

Investment Highlights

Investment property for sale in Tallahassee at 7049 Carmel Dr, Tallahassee, FL, 32309 listed at $499,000 pairs $3,840/mo rent with a $2,442/mo payment to leave $529/mo cash flow. Total monthly income runs $3,840/mo, and annual cash flow reaches $6,347/yr on $165,419 cash to close. Return on cash invested measures 23.75% in year one, and rental yield registers 9.23% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 123.99% and total cumulative return in cash totals $205,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,840/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).