968 Audrey CtTallahasseeFL32317
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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 968 Audrey Ct, Tallahassee, FL, 32317 generates $2,677/mo in rent and, after a $1,810/mo payment, leaves $223/mo in cash flow. Total monthly income is $2,677/mo, and annual cash flow is $2,673/yr on $122,622 invested. Return on cash invested sits at 22.09% in year one, and rental yield is 8.68% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 115.12% and total cumulative return in cash sums $141,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,677/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.28 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: Rebecca Mayhann • Rebecca Mayhann Properties
Mls Name: TBR
Mls ID: #391624