Tallahassee, FL · LEON County County · 2026 Population: 203,188 · NMLS #2827624 · AZ CMB #CMB-2016143

Tallahassee, Florida DSCR, Hard Money, Fix & Flip & 5–25+ Unit Multifamily Loans

Tallahassee, FL Local Underwriting Snapshot (LEON County County): With a 2026 population of 203,188, Tallahassee carries an effective property tax rate of 0.86%, a median 1–4 unit investment property price of $440,000, and a median market rent of $3,450/mo. At 75% LTV ($330,000 loan amount), estimated monthly PITIA is $2,664/mo, yielding an estimated baseline DSCR of 1.30x. For 5–25+ unit apartment buildings in Tallahassee, typical valuation averages $184,800/door with $1,950/mo/door market rents.

County & 2026 PopulationLEON County County (203,188)

Effective Property Tax Rate0.86% ($315/mo)

Median 1–4 Unit Price & Rent$440,000 · $3,450/mo

5–25+ Unit Multifamily Avg$184,800/door · $1950/mo

FL Foreclosure & SecurityJudicial (Circuit Court Foreclosure Action) (180–260 days)

Tallahassee, FL Pre-Populated Underwriting Terminal

1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator

Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine

1. Select Property Unit Tier Bracket

2. Exact Number of Units / Doors (MISMO FinancedUnitsCount)1 Unit

Price/Door: $440,000·Loan/Door: $330,000·Avg Rent/Door: $3,450/mo

Property Value / Purchase Price$440,000

Target LTV %75%

Base Note Rate %6.625%

Gross Monthly Rent (Form 1007 / Lease / STR Projection)$3,450/mo

Tax Rate (%)

Annual Ins ($)

Monthly HOA ($)

Prepayment Stepdown Structure

Amortization & FICO Tier

Calculated DSCR Coverage Ratio

Canonical: 134 bps · 7500 bps LTV · 6625 bps Rate

1.34x

Tier-1 Institutional (1.25x+ — Max LTV & Best Pricing)

Loan Amount (75% LTV)$330,00033,000,000 _cents

Monthly P&I Debt Service$2,113/mo@ 6.625% Note Rate

Total Monthly PITIA$2,582/moTax: $315 · Ins: $154

Net Monthly Cash Flow+$868/mo$10,412/yr net

Get 30-Sec Quote →Full 1003 / MISMO Apply →

Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)

Execution Option	Prepay Structure	Est. Note Rate	Prepay Price Credit	Monthly Debt Service	DSCR Ratio
Option A: Lowest Rate (60-Mo Stepdown)	5-4-3-2-1	6.625%	-100 bps (-1.000 pt)	$2,582/mo	1.34x
Option B: Balanced Par (36-Mo Stepdown)	3-2-1	6.875%	-75 bps (-0.750 pt)	$2,637/mo	1.31x
Option C: Max Cash Flow (10-Yr Interest-Only)	3-2-1 IO	7.000%	+38 bps IO LLPA	$2,394/mo	1.44x

Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.

Tallahassee, FL Short-Term Rental (STR), ADU & Legal Underwriting Notes

Local Municipal & Zoning Guidance: Wholesale DSCR and multifamily lenders in Tallahassee (LEON County County, FL) underwrite both 12-month long-term leases (Form 1007 / Form 1025) and compliant short-term rentals (Form 1007 STR / 12-month booking ledger) subject to local municipal registration.

Florida Statutory Security Instrument: Loans in Tallahassee (LEON County County) are secured via Mortgage Instrument under Florida's Judicial (Circuit Court Foreclosure Action) framework (180–260 days). Insurance underwriting note: Standard DP-3 landlord dwelling fire, general liability & rent-loss coverage required..