717 Dover St · Tallahassee, FL 32304

$125,000

6 bd · 2.0 ba · 1,182 sqft · MultiFamily public records · 18 Days on market

Built 1968 Good condition $106/sqft · 28% below area Est $174k · 28% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.3/5.0
• Condition / age +3.8/5.0
• Rent growth +3.7/5.0
• Schools +3.0/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens.

Key facts

• Completely renovated
• New roof
• Built 1968

Tags

• DUPLEX INVESTMENT OPPORTUNITY
• INCOME PRODUCING DUPLEX
• COMPLETELY RENOVATED
• NEW ROOF
• PARTIALLY FENCED YARD

What this means for you Summary

Snapshot

• This is a 1×2bd/1ba + 1×1bd/1ba units multifamily listed at $125k. Condition is rated good.
• This rent per unit runs 43% of the median local income ($32k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

• At list price, monthly cash flow is $979 ($12k/yr) — positive. Per door: $490/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.7% vs local median 4.2% in Tallahassee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#19 in FL, #429 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment D.
• Leon (urban): math 48% / reading 53% proficiency, ranked #33 of 73 in FL (top 45%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: John G Riley Elementary School (math 11% / reading 18%, grade F, #2,137 of 2,144 statewide, top 100%, 528 students, 81% FRL); Griffin Middle School (math 16% / reading 25%, grade F, #556 of 571 statewide, top 98%, 532 students, 77% FRL); Leon High School (math 52% / reading 60%, grade C, #131 of 667 statewide, top 20%, 1,935 students, 37% FRL) — zoned schools average 65% FRL vs 45% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 50% district-wide (-20 pts) — the specific schools serving this property underperform the Leon average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.7%/yr); 192 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 1,765 units permitted in Leon County in 2024 (975 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Leon County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,125 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.87% ✓
• Cap rate: 15.69%
• Cash-on-cash: 33.57%
• DSCR: 2.49
• GRM: 4.5

CMA / ARV

• ARV (median comp): $174,049
• List price: $125,000
• Delta: -28.18%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1336 Warrior Way	1.26mi	4/2.0 (-2)	1,180 (-0%)	0mo	$280,000	$237	55
903 Delores Dr	1.73mi	4/2.0 (-2)	1,186 (+0%)	1mo	$225,000	$190	54
1915 Karen Ln	1.83mi	4/2.0 (-2)	1,194 (+1%)	2mo	$240,000	$201	51
2114 Melanie Dr	2.03mi	4/2.0 (-2)	1,154 (-2%)	0mo	$212,500	$184	51
530 W 4th Ave	0.38mi	4/2.0 (-2)	1,420 (+20%)	0mo	$315,000	$222	47
2352 Yorkshire Dr	2.18mi	4/2.0 (-2)	1,252 (+6%)	0mo	$182,400	$146	45
507 Ausley Rd	1.89mi	4/2.0 (-2)	1,114 (-6%)	2mo	$197,400	$177	44
417 Murat St	1.48mi	4/2.0 (-2)	1,115 (-6%)	5mo	$285,000	$256	42
522 & 524 Kissimmee St Unit 522&524	1.97mi	4/2.0 (-2)	1,296 (+10%)	1mo	$165,000	$127	38
2131 Oxford Rd	1.96mi	4/2.0 (-2)	1,536 (+30%)	5mo	$235,000	$153	26
1506 Myrick Rd	1.68mi	4/2.5 (-2)	1,398 (+18%)	5mo	$275,000	$197	24
275 E Harrison St	1.75mi	4/4.0 (-2)	1,504 (+27%)	3mo	$302,000	$201	19

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.69% rent growth · sell at horizon

5-year hold

• IRR: 30.8%
• Equity multiple: 2.32×
• Total profit: $46,181
• Equity at exit: $18,638

10-year hold

• IRR: 38.9%
• Equity multiple: 4.94×
• Total profit: $137,798
• Equity at exit: $10,808

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $670,000 ($496/sqft)
• Median days on market: 1 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -70.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32304

• Home prices YoY: -21.2%
• Rents YoY: 4.7%
• Active inventory: 192
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,333 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $979

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,203
1× unit	1	1	$1,129
Total (2 units)			$2,333

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 53%

Sensitivity live

Price	-10% $1,066	-5% $1,022	+0% $979	+5% $936	+10% $893
Rent	-10% $795	-5% $887	+0% $979	+5% $1,071	+10% $1,164
Rate	-1.0pp $1,042	-0.5pp $1,011	base $979	+0.5pp $947	+1.0pp $914

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Pope St Unit 601-2-B Tallahassee, FL	1.0	1.0	250	$850	$3.40	2d	1	0.19mi
618 Dover St Tallahassee, FL	2.0	1.0	751	$500	$0.67	6d	1	0.20mi
916 N Woodward Ave #1 Tallahassee, FL	2.0	1.0	794	$1,000	$1.26	109d	1	0.23mi
703 Alabama St Unit 703 Tallahassee, FL	1.0	1.0	500	$900	$1.80	6d	1	0.36mi
1210 Ford St Tallahassee, FL	2.0	1.0	790	$1,025	$1.30	6d	1	0.41mi
836 Richmond St Unit 10 Tallahassee, FL	1.0	1.0	540	$875	$1.62	109d	1	0.49mi
836 Richmond St Unit 10 Tallahassee, FL	1.0	1.0	540	$875	$1.62	117d	1	0.49mi
505 Shephard St Tallahassee, FL	1.0	1.0	500	$925	$1.85	117d	1	0.51mi
505 Shephard St Apt B2 Tallahassee, FL	1.0	1.0	500	$1,500	$3.00	6d	1	0.52mi
1327 Charlotte St Unit 1329 Tallahassee, FL	2.0	1.0	628	$1,295	$2.06	6d	1	0.53mi
1329 Nylic ST , FL	1.0	1.0	516	$700	$1.36	117d	1	0.54mi
1339 Hancock Ct Tallahassee, FL	1.0–3.0	1.0–3.0	1506	$850	$0.56	6d	4	0.54mi
1337 Charlotte St Unit 1337 Tallahassee, FL	2.0	1.0	—	$1,250	—	109d	1	0.55mi
910 Wadsworth St Unit 1 Tallahassee, FL	2.0	1.0	810	$1,195	$1.48	6d	1	0.61mi
1315 Idaho St Unit 1315 Tallahassee, FL	1.0	1.0	—	$725	—	6d	1	0.62mi
718 N Bronough St Tallahassee, FL	2.0	1.0	798	$1,100	$1.38	117d	1	0.63mi
810 Wadsworth St Tallahassee, FL	1.0	1.0	600	$1,123	$1.87	6d	8	0.64mi
1410 Nylic St Unit B Tallahassee, FL	2.0	1.0	550	$895	$1.63	4d	1	0.65mi
324 N Martin Luther King Junior Blvd Tallahassee, FL	1.0	1.0	—	$620	—	6d	1	0.65mi
759 Basin St Tallahassee, FL	1.0	1.0	—	$999	—	109d	1	0.68mi
1323 Volusia St Unit C Tallahassee, FL	2.0	1.0	576	$895	$1.55	4d	1	0.71mi
1104 N Duval St Tallahassee, FL	2.0	1.0	—	$1,075	—	109d	1	0.73mi
1510 Milton St Unit 2 Tallahassee, FL	1.0	1.0	—	$995	—	117d	1	0.73mi
1525 W Tennessee St #307 Tallahassee, FL	2.0	1.0	1200	$1,600	$1.33	117d	1	0.75mi
1407 Alabama St Unit C Tallahassee, FL	2.0	1.0	500	$1,000	$2.00	6d	1	0.75mi
1505 Joe Louis St Tallahassee, FL	1.0	1.0	624	$800	$1.28	5d	1	0.76mi
120 W 4th Ave Unit 1/2 Tallahassee, FL	1.0	1.0	672	$1,300	$1.93	117d	1	0.76mi
502 W Jefferson St Unit 3417 Carn Tallahassee, FL	2.0	1.5	1008	$1,200	$1.19	6d	1	0.86mi
502 W Jefferson St Unit CW 315 Tallahassee, FL	1.0	1.0	475	$945	$1.99	109d	1	0.86mi
502 W Jefferson St Unit PA 19 Tallahassee, FL	1.0	1.0	480	$925	$1.93	117d	1	0.86mi
502 W Jefferson St Unit CW 319 Tallahassee, FL	1.0	1.0	475	$945	$1.99	6d	1	0.86mi
502 W Jefferson St Unit JA 105 Tallahassee, FL	—	1.0	280	$895	$3.20	109d	1	0.86mi
502 W Jefferson St Tallahassee, FL	1.0	1.0	520	$1,025	$1.97	117d	1	0.86mi
502 W Jefferson St Tallahassee, FL	1.0	1.0	425	$910	$2.14	6d	1	0.86mi
1312 N Adams St Unit 3 Tallahassee, FL	1.0	1.0	600	$1,200	$2.00	5d	1	0.87mi
440 N Monroe St Tallahassee, FL	3.0	1.0–2.5	1109	$2,205	$1.99	1d	27	0.88mi
440 N Monroe St Tallahassee, FL	3.0	1.0–3.0	1311	$2,393	$1.82	109d	15	0.88mi
106 W 7th Ave Unit 6 Tallahassee, FL	1.0	1.0	584	$825	$1.41	6d	1	0.91mi
808 Saint Augustine St Tallahassee, FL	2.0	2.5	1500	$2,095	$1.40	6d	1	0.91mi
412 W Jefferson St Tallahassee, FL	1.0	1.0	377	$1,050	$2.78	6d	13	0.92mi

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: On-street parkingOther parking type
• Utilities: Cable connectedElectricity available and connectedSewer available and connectedWater available
• Home design: Single Family ResidenceCurrently used as residential single-family and as an investment property
• Exterior features: No private pool

Interior

• Kitchen: Electric ovenElectric rangeRefrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingHot water heatingSeparate meters for heatingCentral air conditioning
• Interior features: One total room (studio-style layout implied)Property used for investment or residential single-family use

Listing history 31 events

1. 2026-06-10
   days on market $125,000 Active 18 DOM
2. 2026-06-09
   days on market $125,000 Active 17 DOM
3. 2026-06-08
   days on market $125,000 Active 16 DOM
4. 2026-06-07
   days on market $125,000 Active 15 DOM
5. 2026-06-05
   days on market $125,000 Active 12 DOM
6. 2026-06-03
   days on market $125,000 Active 11 DOM
7. 2026-06-02
   days on market $125,000 Active 10 DOM
8. 2026-06-01
   days on market $125,000 Active 9 DOM
9. 2026-05-31
   days on market $125,000 Active 8 DOM
10. 2026-05-30
    days on market $125,000 Active 7 DOM
11. 2026-05-23
    listed $125,000 Active
12. 2025-12-05
    historical 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

13. 2025-11-19
    price $70,000 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

14. 2025-11-15
    price $90,000 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

15. 2025-10-31
    price $85,000 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

16. 2025-10-18
    status Active 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

17. 2024-02-19
    historical 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

18. 2024-02-07
    price $90,000 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

19. 2024-01-19
    price $100,000 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

20. 2024-01-03
    price $95,000 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

21. 2023-12-22
    listed $99,000 Active 568-char remark

    Show marketing remark (568 chars)

    Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only. Clean title. No liens. New roof

22. 2022-10-03
    historical 613-char remark

    Show marketing remark (613 chars)

    Multiple offers received please submit highest and best by September 6th. Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only.

23. 2022-08-10
    listed $99,000 Active 613-char remark

    Show marketing remark (613 chars)

    Multiple offers received please submit highest and best by September 6th. Zoned multi family Duplex. 2/1 on one side and 1/1 on the other side. Rented at $875 for the 2/1 Rented at $750 for the 1/1 New water heater, laminate flooring, and updated kitchen. All appliances included. Five minute commute to Florida State University. Walking distance to Florida Agricultural and Mechanical university. Partially fenced in yard. Economic incentives include: Opportunity zone, urban job tax credit area, historically underutilized business zone, and Southside CRA. Do not disturb tenants. Appt only.

24. 2022-07-06
    historical
25. 2022-07-02
    price $118,000
26. 2022-07-02
    status Active
27. 2021-04-22
    historical
28. 2021-04-12
    price $39,000
29. 2021-04-08
    listed $42,000 Active
30. 2017-06-20
    historical
31. 2016-05-18
    listed $26,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,996
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$2,240
• − Management: −$2,240
• − Depreciation: −$3,636
• Taxable income: $10,378
• Est. tax owed @ 24.0%: −$2,491
• After-tax cash flow: $9,260/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $5,910–$17,730 screening

This property is a well-maintained, recently renovated duplex with good curb appeal and updated interiors. It offers a strong rental potential and is located in a desirable area with economic incentives.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Improves curb appeal and enhances property value. ↑
• Both New flooring in living areas — Enhances interior aesthetics and increases rental value. ↑
• Both New lighting fixtures — Improves interior aesthetics and increases rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary John G Riley Elementary School F FL #2,137/2,144 Nat'l #36,758/41,679 Middle Griffin Middle School F FL #556/571 Nat'l #11,564/14,009 High Leon High School C FL #131/667 Nat'l #4,311/17,239

Schools (NCES district)

• District: Leon
• NCES district ID: 1201110
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $46,339
• Composite: 42.84/100
• National rank: #3131
• State rank: #33 of 73 in FL

A Composite livability gradescore 86/100

Livability — Tallahassee

• Score: 86/100
• State rank: #19
• US rank: #429

Category grades

Amenities A+ Commute A+ Cost of living A Crime C+ Employment D Housing A- Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tallahassee, FL
• County: Leon County · 315,507 people
• City population: 294,472
• Metro: Tallahassee, FL
• Population (ZIP): 51,673
• Household income: $32,348
• Rent vs Own: 86.5% rent · 13.5% own
• Severe rent burden: 18% of renters

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Population outlook (Leon County) Hauer SSP2

• Today (2025): 315,507 people
• By 2030: 330,677 · +4.8%
• By 2040: 358,465 · +13.6%
• By 2050: 386,804 · +22.6%
• By 2075: 465,480 · +47.5%
• By 2100: 519,959 · +64.8%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 45% Black 36% Hispanic / Latino 10% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 8% · Canada, China
• Languages at home: 86% English-only · Spanish 7% Other Indo-European 2% French/Haitian/Cajun 1%

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Political lean MEDSL · Leon

• 2024 margin: Strong D (+21.8) · D 60.3% · R 38.5% · Other 1.2%
• 2008→2024 swing: -2.5pp toward R · 2008: 24.3pp · 2024: 21.8pp
• All cycles: 2024: D+21.8 2020: D+28.3 2016: D+25.1 2012: D+23.6 2008: D+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.04%
• Current HPI: 267.8426
• Rent YoY: ▲ 4.69%
• Metro: Tallahassee, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: On-street parkingOther parking type
• Utilities: Cable connectedElectricity available and connectedSewer available and connectedWater available
• Home design: Single Family ResidenceCurrently used as residential single-family and as an investment property
• Exterior features: No private pool

Interior

• Kitchen: Electric ovenElectric rangeRefrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingHot water heatingSeparate meters for heatingCentral air conditioning
• Interior features: One total room (studio-style layout implied)Property used for investment or residential single-family use

Price history

+380.8% since first listed

22 events — show timeline

• 2026-06-12 Listing Removed — realMLS
• 2026-05-23 Listed $125,000 realMLS
• 2025-12-05 Listing Removed — realMLS
• 2025-11-19 Price Changed $70,000 realMLS
• 2025-11-15 Price Changed $90,000 realMLS
• 2025-10-31 Price Changed $85,000 realMLS
• 2025-10-18 Relisted — realMLS
• 2024-02-19 Listing Removed — realMLS
• 2024-02-07 Price Changed $90,000 realMLS
• 2024-01-19 Price Changed $100,000 realMLS
• 2024-01-03 Price Changed $95,000 realMLS
• 2023-12-22 Listed $99,000 realMLS
• 2022-10-03 Listing Removed — realMLS
• 2022-08-10 Listed $99,000 realMLS
• 2022-07-06 Listing Removed — realMLS
• 2022-07-02 Price Changed $118,000 realMLS
• 2022-07-02 Relisted — realMLS
• 2021-04-22 Listing Removed — realMLS
• 2021-04-12 Price Changed $39,000 realMLS
• 2021-04-08 Listed $42,000 realMLS
• 2017-06-20 Listing Removed — CATRS
• 2016-05-18 Listed $26,000 CATRS