840 W Georgia StTallahasseeFL32304
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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 840 W Georgia St, Tallahassee, FL, 32304 priced at $398,780 pairs $1,878/mo rent with after a $1,952/mo payment. Total monthly income equals $1,878/mo. Return on cash invested is 12.93% in year one, and rental yield stands at 5.65% on a $398,780 basis. Equity gained on principal adds $2,573/yr, and 5% annual appreciation accumulates to $110,176 by year five. Five-year ROI measures 66.03% and total cumulative return in cash reaches $87,293. For financing, Ziffy Mortgage’s DSCR program evaluates $1,878/mo property income against a $1,952/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1995
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32304, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,529 (100%) |
| Owner Occupied HU | 2,683 (10.9%) |
| Renter Occupied HU | 18,172 (74.1%) |
| Vacant Housing Units | 3,674 (15.0%) |
| Median Home Value | $178,435 |
| Average Home Value | $231,156 |
Housing Distribution
Address Breakdown
Residential
12,996
Single Family
10,156
Multi-Family
2,840
Businesses
904
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Listed by: Cole Davis • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #387499
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.