1019 NW 24th AveGainesvilleFL32609
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Gainesville at 1019 NW 24th Ave, Gainesville, FL, 32609 uses $74,588 cash to close to unlock $4,909/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $1,101/mo payment keeps the spread at $409/mo. Purchase price stands at $225,000, and rental yield measures 10.14% with $1,902/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash records $103,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1949
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32609, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,235 (100%) |
| Owner Occupied HU | 4,103 (49.8%) |
| Renter Occupied HU | 3,468 (42.1%) |
| Vacant Housing Units | 664 ( 8.1%) |
| Median Home Value | $210,945 |
| Average Home Value | $275,768 |
Housing Distribution
Address Breakdown
Residential
7,394
Single Family
5,994
Multi-Family
1,400
Businesses
1,060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Fetrow • KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Mls Name: Stellar MLS
Mls ID: #GC533782