1028 NE 11th AveGainesvilleFL32601
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 1028 NE 11th Ave, Gainesville, FL, 32601 in Gainesville at $289,500. Rental yield 6.83%. The 6.83% yield and 1.27 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $79,984 by year five, and $2,666/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $92,748.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 6.0% |
| Monthly Cash Flow | $(273) | $300 |
City averages based on Gainesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,648 |
| Total Monthly Debt Service | $1,806 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32601, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,113 (100%) |
| Owner Occupied HU | 2,117 (17.5%) |
| Renter Occupied HU | 8,676 (71.6%) |
| Vacant Housing Units | 1,320 (10.9%) |
| Median Home Value | $317,974 |
| Average Home Value | $337,267 |
Housing Distribution
Address Breakdown
Residential
8,340
Single Family
5,629
Multi-Family
2,711
Businesses
1,201
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
Single Family
Built in 1948
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32601, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,113 (100%) |
| Owner Occupied HU | 2,117 (17.5%) |
| Renter Occupied HU | 8,676 (71.6%) |
| Vacant Housing Units | 1,320 (10.9%) |
| Median Home Value | $317,974 |
| Average Home Value | $337,267 |
Housing Distribution
Address Breakdown
Residential
8,340
Single Family
5,629
Multi-Family
2,711
Businesses
1,201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janine Alexander • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #GC534257