1505 NE 8th StGainesvilleFL32601
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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 1505 NE 8th St, Gainesville, FL, 32601 earns $356/mo cash flow from $1,815/mo rent with a $1,076/mo payment. Total monthly income totals $1,815/mo, and annual cash flow totals $4,272/yr on $72,897 capital. ROI tracks 25.77% on current figures, and rental yield reads 9.9% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 134.92% and total cumulative return in cash sums $98,356. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,815/mo property income instead of your personal income.
Single Family
Built in 1956
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32601, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,113 (100%) |
| Owner Occupied HU | 2,117 (17.5%) |
| Renter Occupied HU | 8,676 (71.6%) |
| Vacant Housing Units | 1,320 (10.9%) |
| Median Home Value | $317,974 |
| Average Home Value | $337,267 |
Housing Distribution
Address Breakdown
Residential
8,340
Single Family
5,629
Multi-Family
2,711
Businesses
1,201
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Listed by: Jeffrey Adams • PATRIOTIC REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #A4676784