1503 SE 28th PlGainesvilleFL32641
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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 1503 SE 28th Pl, Gainesville, FL, 32641 uses $77,571 cash to close to unlock $3,365/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,833/mo, and a $1,145/mo payment keeps the spread at $280/mo. Purchase price stands at $234,000, and rental yield measures 9.4% with $1,833/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash records $98,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,833/mo property income covering a $1,145/mo payment rather than investor’s personal income.
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
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Listed by: Kyle Hoppenworth • WATSON REALTY CORP- TIOGA
Mls Name: Stellar MLS
Mls ID: #GC536007