914 Carraway StTallahasseeFL32308
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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 914 Carraway St, Tallahassee, FL, 32308 generates $1,326/mo in rent and, after a $857/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,326/mo, and annual cash flow is $1,971/yr on $58,013 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 9.09% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 121.7% and total cumulative return in cash sums $70,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,326/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32308, Tallahassee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,408 (100%) |
| Owner Occupied HU | 6,012 (48.5%) |
| Renter Occupied HU | 5,451 (43.9%) |
| Vacant Housing Units | 945 ( 7.6%) |
| Median Home Value | $377,340 |
| Average Home Value | $429,502 |
Housing Distribution
Address Breakdown
Residential
11,653
Single Family
8,949
Multi-Family
2,704
Businesses
1,528
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Listed by: Ben Poston • Canopy Road Realty
Mls Name: TBR
Mls Provider:
Mls ID: #386349
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.