1315 NW 40th TerGainesvilleFL32605
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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 1315 NW 40th Ter, Gainesville, FL, 32605 offers a 10.49% rental yield on a $275,000 purchase with $2,404/mo rent. Total monthly income registers $2,404/mo, and a $1,346/mo payment leaves $433/mo available for distribution. Annual cash flow reaches $5,199/yr on $91,163 to close, and return on cash invested stands at 25.61% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 134.74% and total cumulative return in cash at $122,831. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,404/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32605, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,956 (100%) |
| Owner Occupied HU | 7,367 (67.2%) |
| Renter Occupied HU | 2,972 (27.1%) |
| Vacant Housing Units | 617 ( 5.6%) |
| Median Home Value | $331,341 |
| Average Home Value | $363,490 |
Housing Distribution
Address Breakdown
Residential
10,757
Single Family
9,516
Multi-Family
1,241
Businesses
566
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Listed by: Tina Walker • PAIS REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #GC533199
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511