791 Apple StTallahasseeFL32317
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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 791 Apple St, Tallahassee, FL, 32317 priced at $239,000 converts $1,979/mo rent into $393/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,979/mo, and annual cash flow totals $4,713/yr on $79,229 invested. Return on cash invested prints 25.86% in year one, and rental yield reads 9.94% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 135.33% and total cumulative return in cash sums $107,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,979/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32317, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,036 (100%) |
| Owner Occupied HU | 5,221 (86.5%) |
| Renter Occupied HU | 652 (10.8%) |
| Vacant Housing Units | 163 ( 2.7%) |
| Median Home Value | $392,602 |
| Average Home Value | $426,789 |
Housing Distribution
Address Breakdown
Residential
6,068
Single Family
5,859
Multi-Family
209
Businesses
942
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Listed by: Ben Poston • Canopy Road Realty
Mls Name: TBR
Mls Provider:
Mls ID: #378153
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.