1503 SE 28th PlGainesvilleFL32641
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1503 SE 28th Pl, Gainesville, FL, 32641 in Gainesville earns a 9.4% gross yield at $234,000. Rent of $1,833/mo nets $280/mo after the $1,052/mo mortgage. The 1.74 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $64,650 and $2,155/yr in equity accumulation project a total cumulative return of $107,247.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $280 | $300 |
City averages based on Gainesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,833 |
| Total Monthly Debt Service | $1,460 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1960
0.35 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
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 1960
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Hoppenworth • WATSON REALTY CORP- TIOGA
Mls Name: Stellar MLS
Mls ID: #GC536007