822 Watt DrTallahasseeFL32303
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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
Investment Highlights
Investment property for sale in Tallahassee at 822 Watt Dr, Tallahassee, FL, 32303 at $260,000 posts ROI 20.68% with $55/mo cash flow from $1,781/mo rent. Total monthly income equals $1,781/mo, and annual cash flow records $662/yr on $86,190 to close. Return on cash invested measures 20.68% and rental yield reads 8.22% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 107.6% and total cumulative return in cash totals $92,741.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,781/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
0.34 Acres 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
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Listed by: Lisa Montgomery-Calvert • Coldwell Banker Hartung
Mls Name: TBR
Mls ID: #391129