1431 SE 29th TerGainesvilleFL32641
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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 1431 SE 29th Ter, Gainesville, FL, 32641 offers a 9.95% rental yield on a $259,900 purchase with $2,154/mo rent. Total monthly income registers $2,154/mo, and a $1,272/mo payment leaves $429/mo available for distribution. Annual cash flow reaches $5,152/yr on $86,157 to close, and return on cash invested stands at 25.89% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 135.52% and total cumulative return in cash at $116,758. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,154/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32641, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,649 (100%) |
| Owner Occupied HU | 3,095 (54.8%) |
| Renter Occupied HU | 1,963 (34.7%) |
| Vacant Housing Units | 591 (10.5%) |
| Median Home Value | $202,369 |
| Average Home Value | $236,539 |
Housing Distribution
Address Breakdown
Residential
5,354
Single Family
4,903
Multi-Family
451
Businesses
185
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Listed by: Barbara Miller • Miller Real Estate
Mls Name: St Augustine St Johns County BOR
Mls ID: #255300