730 E 6th AveTallahasseeFL32303
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 730 E 6th Ave, Tallahassee, FL, 32303 in Tallahassee. Rental yield 4.11%. At $769,900 with 4.11% gross yield, current distributions are modest, but the 5% appreciation rate projects $212,709 in new equity by year five, complemented by $7,091/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.76) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $134,567.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 6.5% |
| Monthly Cash Flow | $(2,469) | $300 |
City averages based on Tallahassee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $4,803 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1939
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
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
Single Family
Built in 1939
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32303, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,147 (100%) |
| Owner Occupied HU | 11,585 (50.0%) |
| Renter Occupied HU | 9,782 (42.3%) |
| Vacant Housing Units | 1,780 ( 7.7%) |
| Median Home Value | $289,980 |
| Average Home Value | $349,236 |
Housing Distribution
Address Breakdown
Residential
22,352
Single Family
19,528
Multi-Family
2,824
Businesses
1,781
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dustin Carruthers • Hill Spooner & Elliott Inc
Mls Name: TBR
Mls Provider:
Mls ID: #393912
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.