FOR_SALENeutral Deal77 days on market
1240 Lake Ave #1
1240 Lake Ave #1, Tallahassee, FL 32310, Tallahassee, FL 32310
1240 Lake Ave #1, Tallahassee, FL 32310
Loc: Tallahassee, FL
Days Listed
77
Tax Assessed
$90k
Zestimate®
$162k
7% Under Valued
Rent Estimate
$1,024/mo
Est. Cash Flow base
Type
multi family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit
Haven AI Verdict
Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
5.86%
Total ROI
18.9%
Cash Flow
$-27/mo
DSCR
0.97
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10-Year Price Projection
Institutional Underwriting Ledger
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Data Sources:MLS List Price: $150,000Rent Basis: Observed Comp Model ($1,024/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreRisky
1/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
4.52%
NOI: $6,783/yr
Cash-on-Cash Yield
-7.4%
On $34,500 invested
DSCR Ratio
0.73x
Negative debt coverage
5-Yr Leveraged ROI
+57.1%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.98% of basis)-$73/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$51/mo
Repairs & Maintenance (10% of rent)-$102/mo
Property Management (8% of rent)-$82/mo
Total Pure Operating Expenses-$459/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,024/mo
Less: Operating Expenses-$459/mo
Net Operating Income (NOI)+$565/mo
Less: Debt Service (30yr @ 6.75%)-$778/mo
Net Cash Flow
$-213/mo
$-2,556/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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