8382 Fordham LnTallahasseeFL32305
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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 8382 Fordham Ln, Tallahassee, FL, 32305 uses $107,738 cash to close to unlock $540/yr annual cash flow and $45/mo monthly cash flow. Total monthly income runs $2,202/mo, and a $1,591/mo payment keeps the spread at $45/mo. Purchase price stands at $325,000, and rental yield measures 8.13% with $2,202/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 106.1% and total cumulative return in cash records $114,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,202/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32305, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,904 (100%) |
| Owner Occupied HU | 5,307 (59.6%) |
| Renter Occupied HU | 2,774 (31.2%) |
| Vacant Housing Units | 823 ( 9.2%) |
| Median Home Value | $176,189 |
| Average Home Value | $279,668 |
Housing Distribution
Address Breakdown
Residential
8,332
Single Family
7,766
Multi-Family
566
Businesses
300
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