11624 NW 13th LnGainesvilleFL32606
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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 11624 NW 13th Ln, Gainesville, FL, 32606 offers a 10.27% rental yield on a $373,000 purchase with $3,193/mo rent. Total monthly income registers $3,193/mo, and a $1,826/mo payment leaves $717/mo available for distribution. Annual cash flow reaches $8,608/yr on $123,650 to close, and return on cash invested stands at 26.87% in year one. Equity gained on principal adds $2,407/yr while 5% annual appreciation supports $103,053 over five years. Portfolio math shows five-year ROI at 140.78% and total cumulative return in cash at $174,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,193/mo property income against a $1,826/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32606, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,991 (100%) |
| Owner Occupied HU | 6,379 (53.2%) |
| Renter Occupied HU | 4,633 (38.6%) |
| Vacant Housing Units | 979 ( 8.2%) |
| Median Home Value | $427,061 |
| Average Home Value | $462,360 |
Housing Distribution
Address Breakdown
Residential
11,098
Single Family
7,038
Multi-Family
4,060
Businesses
810
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Listed by: Eric Ascher • WATSON REALTY CORP- TIOGA
Mls Name: Stellar MLS
Mls ID: #GC533856