1320 NW 3rd Ave APT 114GainesvilleFL32603
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 1320 NW 3rd Ave APT 114, Gainesville, FL, 32603 earns from $2,085/mo rent with a $1,860/mo payment. Total monthly income totals $2,085/mo. ROI tracks 15.75% on current figures, and rental yield reads 6.58% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 81.15% and total cumulative return in cash sums $102,229. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,085/mo property income instead of your personal income.
Condo
Built in 2007
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32603, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,728 (100%) |
| Owner Occupied HU | 312 (11.4%) |
| Renter Occupied HU | 2,149 (78.8%) |
| Vacant Housing Units | 267 ( 9.8%) |
| Median Home Value | $395,098 |
| Average Home Value | $398,998 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
1,703
Multi-Family
620
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Johnson • RABELL REALTY GROUP LLC
Mls Name: Stellar MLS
Mls ID: #GC536079