1203 Harlem St · Tallahassee, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 8/10 · Major
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 20 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 7 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Livability +4.3/5.0
- Rent growth +3.7/5.0
- Condition / age +2.2/5.0
- Schools +2.1/10.0
- Appreciation +0.0/10.0
$65,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Charming 2-Bedroom Bungalow Near Florida State University Welcome to this adorable bungalow, perfectly nestled just minutes from Florida State University! This 2-bedroom, 1-bathroom home features an open floor plan that effortlessly combines functionality with cozy charm. With ample natural light and a layout designed for comfort, this property is perfect for students, professionals, or anyone seeking a vibrant, convenient location. Currently in a blank pallet stage with so much potential. Grass has being digitally created to show potential The spacious backyard is fully fenced, offering privacy and room for outdoor gatherings, gardening, or relaxing in your own retreat. With plenty of parking space, hosting guests is a breeze. Whether you’re searching for a primary residence, a second home, or an investment opportunity, this property delivers. Its proximity to FSU makes it an ideal rental with excellent income potential. Don’t miss your chance to own this hidden gem in the heart of Tallahassee. Explore the possibilities.
Key facts
- Covered front porch
- Privacy fencing
- Fenced backyard
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $65k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $457 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $65k).
- Cap rate 14.7% 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); Amos P. Godby High School (math 24% / reading 32%, grade F, #464 of 667 statewide, top 70%, 1,444 students, 63% FRL) — zoned schools average 74% FRL vs 45% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 21% at this address vs 50% district-wide (-30 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; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,765 units permitted in Leon County in 2024 (975 in 5+ unit buildings).
- This rent runs 44% of the median local income ($32k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k 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 $18k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
- 6 sale attempts since 2y 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.
Questions for the listing agent
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.81% ✓
- Cap rate
- 14.72%
- Cash-on-cash
- 30.11%
- DSCR
- 2.34
- GRM
- 4.6
CMA / ARV
- ARV (median comp)
- $135,209
- List price
- $65,000
- Delta
- -51.93%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1013 Clay Dr | 0.20mi | 2/1.0 | 990 (+9%) | 3mo | $65,000 | $66 | 74 |
| 1312 Indiana St | 0.26mi | 3/1.0 (+1) | 828 (-9%) | 2mo | $123,500 | $149 | 66 |
| 1233 Volusia St | 0.17mi | 3/2.0 (+1) | 868 (-5%) | 18mo | $125,000 | $144 | 60 |
| 849 W Brevard St | 0.59mi | 2/1.0 | 982 (+8%) | 1mo | $119,000 | $121 | 59 |
| 1625 Old Bainbridge Rd | 0.58mi | 3/1.0 (+1) | 884 (-3%) | 8mo | $85,000 | $96 | 56 |
| 1434 Alabama St | 0.27mi | 3/1.0 (+1) | 995 (+9%) | 15mo | $165,000 | $166 | 55 |
| 845 W Brevard St | 0.59mi | 2/1.0 | 965 (+6%) | 10mo | $125,000 | $130 | 54 |
| 709 Gladiola Ter | 0.69mi | 3/1.0 (+1) | 864 (-5%) | 0mo | $97,500 | $113 | 54 |
| 1433 Alabama St | 0.26mi | 3/2.0 (+1) | 1,025 (+12%) | 9mo | $171,000 | $167 | 51 |
| 1053 Delaware St | 0.28mi | 3/2.0 (+1) | 1,036 (+14%) | 9mo | $159,000 | $153 | 48 |
| 715 Caliark St | 0.53mi | 3/2.0 (+1) | 970 (+6%) | 14mo | $275,000 | $284 | 44 |
| 1336 Gibbs Dr | 0.70mi | 3/1.0 (+1) | 1,008 (+10%) | 13mo | $140,000 | $139 | 34 |
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
- IRR
- 26.7%
- Equity multiple
- 2.13×
- Total profit
- $20,616
- Equity at exit
- $9,692
- IRR
- 35.3%
- Equity multiple
- 4.52×
- Total profit
- $64,154
- Equity at exit
- $5,620
Cash invested: $18,200 (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
Active competition Active MLS
- For sale now
- 13 active · 10 under contract
- Months of supply
- 8.7 mo (12%/mo absorbed)
- Median asking
- $172,000 ($181/sqft)
- Median days on market
- 35 d
- This list price
- 8% of active listings are priced below it
- ARV vs active asking
- -17.9% 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
- 4.6×
Monthly cashflow live
- Estimated rent
- $1,174 high interval (Pro) →
- Mortgage (P&I)
- −$341
- Tax from tax record
- −$103 /mo · $1,230/yr
- Insurance
- −$27
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$246
- Net cashflow
- $457
Break-even live
Sensitivity live
| Price | -10% $494 | -5% $475 | +0% $457 | +5% $438 | +10% $420 |
|---|---|---|---|---|---|
| Rent | -10% $364 | -5% $410 | +0% $457 | +5% $503 | +10% $549 |
| Rate | -1.0pp $489 | -0.5pp $473 | base $457 | +0.5pp $440 | +1.0pp $423 |
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
- $16,250
- Closing costs
- $1,950
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1323 Volusia St Unit C Tallahassee, FL | 2.0 | 1.0 | 576 | $895 | $1.55 | 4d | 1 | 0.14mi |
| 1505 Joe Louis St Tallahassee, FL | 1.0 | 1.0 | 624 | $800 | $1.28 | 5d | 1 | 0.18mi |
| 1419 Connecticut St Tallahassee, FL | 3.0 | 1.0 | 902 | $1,250 | $1.39 | 0d | 1 | 0.21mi |
| 1327 Charlotte St Unit 1329 Tallahassee, FL | 2.0 | 1.0 | 628 | $1,295 | $2.06 | 6d | 1 | 0.28mi |
| 910 Wadsworth St Unit 1 Tallahassee, FL | 2.0 | 1.0 | 810 | $1,195 | $1.48 | 6d | 1 | 0.29mi |
| 1410 Nylic St Unit B Tallahassee, FL | 2.0 | 1.0 | 550 | $895 | $1.63 | 4d | 1 | 0.32mi |
| 836 Richmond St Unit 10 Tallahassee, FL | 1.0 | 1.0 | 540 | $875 | $1.62 | 117d | 1 | 0.34mi |
| 836 Richmond St Unit 10 Tallahassee, FL | 1.0 | 1.0 | 540 | $875 | $1.62 | 109d | 1 | 0.34mi |
| 810 Wadsworth St Tallahassee, FL | 1.0 | 1.0 | 600 | $1,123 | $1.87 | 6d | 8 | 0.38mi |
| 916 N Woodward Ave #1 Tallahassee, FL | 2.0 | 1.0 | 794 | $1,000 | $1.26 | 109d | 1 | 0.41mi |
| 1325 W Tharpe St Tallahassee, FL | 1.0–3.0 | 1.0–4.0 | 937 | $1,511 | $1.61 | 6d | 29 | 0.45mi |
| 1505 W Tharpe St Tallahassee, FL | 2.0–4.0 | 2.0–4.0 | 1054 | $499 | $0.47 | 3d | 14 | 0.47mi |
| 1108 Greentree Ct Unit I Tallahassee, FL | 2.0 | 2.0 | 888 | $1,125 | $1.27 | 6d | 1 | 0.47mi |
| 1108 Greentree Ct Tallahassee, FL | 2.0 | 2.0 | 888 | $1,275 | $1.44 | 117d | 1 | 0.48mi |
| 1104 Greentree Ct Tallahassee, FL | 2.0 | 2.0 | 898 | $1,200 | $1.34 | 5d | 1 | 0.48mi |
| 1111 High Rd Tallahassee, FL | 2.0–3.0 | 2.0 | 1000 | $1,306 | $1.31 | 0d | 19 | 0.53mi |
| 754 Gold Nugget Trl Tallahassee, FL | 1.0 | 1.0 | 1050 | $900 | $0.86 | 6d | 1 | 0.55mi |
| 2020 Continental Ave Tallahassee, FL | 1.0–2.0 | 1.0–1.5 | 850 | $1,300 | $1.53 | 117d | 3 | 0.62mi |
| 2020 Continental Ave Tallahassee, FL | 1.0–2.0 | 1.0–2.0 | 815 | $1,150 | $1.41 | 4d | 2 | 0.62mi |
| 820 W Georgia St Tallahassee, FL | 3.0 | 3.0 | 971 | $1,100 | $1.13 | 1d | 1 | 0.68mi |
| 2001 Continental Ave Tallahassee, FL | 2.0 | 1.5 | 864 | $1,100 | $1.27 | 6d | 1 | 0.70mi |
| 1001 Ocala Rd Tallahassee, FL | 4.0 | 1.0–4.0 | 1099 | $684 | $0.62 | 2d | 5 | 0.75mi |
| 322 Conradi St Tallahassee, FL | 3.0 | 2.0 | 1100 | $1,950 | $1.77 | 117d | 4 | 0.76mi |
| 322 Conradi St Unit 6A Tallahassee, FL | 3.0 | 2.0 | 1100 | $1,950 | $1.77 | 6d | 1 | 0.76mi |
| 2060 Continental Ave Tallahassee, FL | 1.0–3.0 | 1.0–2.5 | 1121 | $1,022 | $0.91 | 0d | 38 | 0.77mi |
| 618 Dover St Tallahassee, FL | 2.0 | 1.0 | 751 | $500 | $0.67 | 6d | 1 | 0.78mi |
| 1181 Ocala Rd Tallahassee, FL | 2.0 | 2.0 | 928 | $1,150 | $1.24 | 6d | 1 | 0.79mi |
| 1303 Ocala Rd Tallahassee, FL | 1.0–4.0 | 1.0–2.0 | 1121 | $1,320 | $1.18 | 0d | 79 | 0.81mi |
| 1210 Ford St Tallahassee, FL | 2.0 | 1.0 | 790 | $1,025 | $1.30 | 6d | 1 | 0.83mi |
| 1360 Ocala Rd Tallahassee, FL | 2.0 | 1.0 | 800 | $1,000 | $1.25 | 117d | 1 | 0.89mi |
| 1360 Ocala Rd Tallahassee, FL | 2.0–3.0 | 2.0 | 1150 | $1,250 | $1.09 | 1d | 4 | 0.89mi |
| 1260 Continental Ct Unit 1 Tallahassee, FL | 1.0 | 1.0 | 640 | $975 | $1.52 | 6d | 1 | 0.90mi |
| 1812 W Tharpe St Unit D Tallahassee, FL | 1.0 | 1.0 | 650 | $950 | $1.46 | 117d | 1 | 0.94mi |
| 1209 Chee Ln Tallahassee, FL | 1.0 | 1.0 | 848 | $995 | $1.17 | 4d | 1 | 0.96mi |
| 1209 Chee Ln Tallahassee, FL | 1.0 | 1.0 | 848 | $995 | $1.17 | 2d | 1 | 0.96mi |
| 1380 Ocala Rd Tallahassee, FL | 1.0 | 1.0 | 700 | $975 | $1.39 | 117d | 1 | 0.99mi |
| 1801 Fairlane Rd Unit I Tallahassee, FL | 1.0 | 1.0 | 704 | $850 | $1.21 | 6d | 1 | 1.00mi |
| 1912 Nannette Dr Unit 1912 Tallahassee, FL | 2.0 | 1.0 | 850 | $1,100 | $1.29 | 6d | 1 | 1.02mi |
| 1916 Nannette Dr Unit 1916 Tallahassee, FL | 2.0 | 1.0 | 1000 | $1,100 | $1.10 | 109d | 1 | 1.04mi |
| 400 W 6th Ave Tallahassee, FL | 3.0 | 1.0 | 1100 | $1,450 | $1.32 | 5d | 1 | 1.08mi |
Property features AI
Finance
- Financial info
- Property is for sale
Exterior
- Parking
- Driveway
- Home design
- Single-story home
- Construction
- Block and concrete construction
- Exterior features
- Partial fencingPaved road access
Interior
- Kitchen
- Standard kitchen
- Bedrooms
- Bedroom (one additional bedroom listed as Bedroom 2)
- Bathrooms
- 1 full bathroom
- Interior features
- Living roomFamily roomDining roomKitchen
Listing history 45 events
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2026-09-24days on market $65,000 Active 13 DOM
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2026-09-23days on market $65,000 Active 12 DOM
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2026-09-22days on market $65,000 Active 11 DOM
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2026-09-21days on market $65,000 Active 10 DOM
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2026-09-20days on market $65,000 Active 9 DOM
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2026-09-18days on market $65,000 Active 7 DOM
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2026-09-17days on market $65,000 Active 6 DOM
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2026-09-16days on market $65,000 Active 5 DOM
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2026-09-15days on market $65,000 Active 4 DOM
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2026-09-14days on market $65,000 Active 3 DOM
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2026-09-13days on market $65,000 Active 2 DOM
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2026-09-12remarks 693-char remark
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2026-09-12pricestatusdays on market $65,000 Active 1 DOM
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2026-07-27days on market $78,000 Active Under Contract 150 DOM
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2026-07-25days on market $78,000 Active Under Contract 148 DOM
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2026-07-24days on market $78,000 Active Under Contract 147 DOM
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2026-07-23days on market $78,000 Active Under Contract 146 DOM
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2026-07-22days on market $78,000 Active Under Contract 145 DOM
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2026-07-21days on market $78,000 Active Under Contract 144 DOM
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2026-07-18days on market $78,000 Active Under Contract 141 DOM
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2026-07-16days on market $78,000 Active Under Contract 139 DOM
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2026-07-16days on market $78,000 Active Under Contract 138 DOM
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2026-07-14days on market $78,000 Active Under Contract 137 DOM
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2026-07-13days on market $78,000 Active Under Contract 136 DOM
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2026-07-12days on market $78,000 Active Under Contract 135 DOM
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2026-07-11days on market $78,000 Active Under Contract 134 DOM
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2026-07-10days on market $78,000 Active Under Contract 133 DOM
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2026-06-08days on market $78,000 Active Under Contract 132 DOM
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2026-06-07days on market $78,000 Active Under Contract 131 DOM
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2026-06-05days on market $78,000 Active Under Contract 128 DOM
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2026-06-03days on market $78,000 Active Under Contract 127 DOM
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2026-06-02days on market $78,000 Active Under Contract 126 DOM
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2026-06-01days on market $78,000 Active Under Contract 125 DOM
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2026-05-31days on market $78,000 Active Under Contract 124 DOM
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2026-05-30days on market $78,000 Active Under Contract 123 DOM
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2026-05-14historical Active Under Contract
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2026-05-14status Active
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2026-05-14price $78,000
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2026-04-10historical Active Under Contract
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2026-02-05price $87,000
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2026-01-27$96,000 Active
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2024-12-20soldstatus $72,500 Closed 1049-char remark
Show marketing remark (1049 chars)
Charming 2-Bedroom Bungalow Near Florida State University Welcome to this adorable bungalow, perfectly nestled just minutes from Florida State University! This 2-bedroom, 1-bathroom home features an open floor plan that effortlessly combines functionality with cozy charm. With ample natural light and a layout designed for comfort, this property is perfect for students, professionals, or anyone seeking a vibrant, convenient location. Currently in a blank pallet stage with so much potential. Grass has being digitally created to show potential The spacious backyard is fully fenced, offering privacy and room for outdoor gatherings, gardening, or relaxing in your own retreat. With plenty of parking space, hosting guests is a breeze. Whether you’re searching for a primary residence, a second home, or an investment opportunity, this property delivers. Its proximity to FSU makes it an ideal rental with excellent income potential. Don’t miss your chance to own this hidden gem in the heart of Tallahassee. Explore the possibilities.
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2024-12-05historical Contingent 1049-char remark
Show marketing remark (1049 chars)
Charming 2-Bedroom Bungalow Near Florida State University Welcome to this adorable bungalow, perfectly nestled just minutes from Florida State University! This 2-bedroom, 1-bathroom home features an open floor plan that effortlessly combines functionality with cozy charm. With ample natural light and a layout designed for comfort, this property is perfect for students, professionals, or anyone seeking a vibrant, convenient location. Currently in a blank pallet stage with so much potential. Grass has being digitally created to show potential The spacious backyard is fully fenced, offering privacy and room for outdoor gatherings, gardening, or relaxing in your own retreat. With plenty of parking space, hosting guests is a breeze. Whether you’re searching for a primary residence, a second home, or an investment opportunity, this property delivers. Its proximity to FSU makes it an ideal rental with excellent income potential. Don’t miss your chance to own this hidden gem in the heart of Tallahassee. Explore the possibilities.
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2024-11-19$72,500 Active 1049-char remark
Show marketing remark (1049 chars)
Charming 2-Bedroom Bungalow Near Florida State University Welcome to this adorable bungalow, perfectly nestled just minutes from Florida State University! This 2-bedroom, 1-bathroom home features an open floor plan that effortlessly combines functionality with cozy charm. With ample natural light and a layout designed for comfort, this property is perfect for students, professionals, or anyone seeking a vibrant, convenient location. Currently in a blank pallet stage with so much potential. Grass has being digitally created to show potential The spacious backyard is fully fenced, offering privacy and room for outdoor gatherings, gardening, or relaxing in your own retreat. With plenty of parking space, hosting guests is a breeze. Whether you’re searching for a primary residence, a second home, or an investment opportunity, this property delivers. Its proximity to FSU makes it an ideal rental with excellent income potential. Don’t miss your chance to own this hidden gem in the heart of Tallahassee. Explore the possibilities.
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1999-08-31soldstatus $36,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast FL · Resets to sale price
- Current annual tax
- $1,230 · $103/mo
- Projected year-2 tax
- $1,230 · $103/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $14,084
- − Mortgage interest
- −$3,641
- − Property taxes
- −$1,230
- − Insurance
- −$325
- − Repairs & maintenance
- −$1,127
- − Management
- −$1,127
- − Depreciation
- −$1,891
- Taxable income
- $4,743
- Est. tax owed @ 24.0%
- −$1,138
- After-tax cash flow
- $4,342/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 · 9 photos
This home requires moderate renovations, including roof replacement, exterior painting, and flooring replacement, to improve its condition and increase its value.
Repairs flagged
- Major roof — The roof appears to be in poor condition, with visible wear and tear.
- Moderate exterior siding — The exterior siding is in fair condition, with some discoloration and wear.
- Major flooring — The flooring in the interior appears to be in poor condition, with visible wear and tear.
- Moderate interior walls/paint — The interior walls and paint appear to be in fair condition, with some discoloration.
- Major landscaping — The landscaping and curb appeal are fair, with some overgrown areas and a lack of maintenance.
Value-add opportunities
- Both roof replacement — Re-roofing would significantly improve the home's appearance and increase its value. ↑
- Both exterior painting — Painting the exterior siding would improve the home's curb appeal and increase its value. ↑
- Both flooring replacement — Replacing the flooring would improve the home's appearance and increase its value. ↑
- Both interior painting — Painting the interior walls and trim would improve the home's appearance and increase its value. ↑
- Both landscaping and curb appeal — Landscaping and improving the curb appeal would increase the home's value and attract more potential buyers/tenants. ↑
ⓘ Rehab cost is a screening estimate — Moderate 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.
Zoned Schools
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
Livability — Tallahassee
- Score
- 86/100
- State rank
- #19
- US rank
- #429
Category grades
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
- Severe rent burden
- 18% of renters
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%
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%
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
Industry mix (Fortune 500 HQ in FL)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Technology | 2 | $29B |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+80.6% since first listed15 events — show timeline
- 2026-09-11 Listed $65,000 CATRS
- 2026-07-27 Listing Removed — CATRS
- 2026-07-09 Relisted — CATRS
- 2026-06-08 Relisted — CATRS
- 2026-06-08 Listing Removed — CATRS
- 2026-05-14 Contingent — CATRS
- 2026-05-14 Relisted — CATRS
- 2026-05-14 Price Changed $78,000 CATRS
- 2026-04-10 Contingent — CATRS
- 2026-02-05 Price Changed $87,000 CATRS
- 2026-01-27 Listed $96,000 CATRS
- 2024-12-20 Sold (MLS) $72,500 CATRS
- 2024-12-05 Contingent — CATRS
- 2024-11-19 Listed $72,500 CATRS
- 1999-08-31 Sold (Public Records) $36,000 Public Records
Property tax history
+416.5%/yrLatest (2025): $1,230 · +3058.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…