1581 NW 29th Rd #1GainesvilleFL32605
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1581 NW 29th Rd #1, Gainesville, FL, 32605 in Gainesville is a solid income-producing rental, 9.64% gross yield, $1,985/mo rent, $206/mo net cash flow on a $247,000 buy. DSCR 1.79 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $68,242 and $2,275/yr in principal reduction project a total cumulative return of $107,976.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $206 | $300 |
City averages based on Gainesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,985 |
| Total Monthly Debt Service | $1,681 |
| DSCR Ratio | 1.18x |
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.
Condo
Built in 2025
N/A lot
$N/A/sqft
$140 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32605, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,956 (100%) |
| Owner Occupied HU | 7,367 (67.2%) |
| Renter Occupied HU | 2,972 (27.1%) |
| Vacant Housing Units | 617 ( 5.6%) |
| Median Home Value | $331,341 |
| Average Home Value | $363,490 |
Housing Distribution
Address Breakdown
Residential
10,757
Single Family
9,516
Multi-Family
1,241
Businesses
566
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
Condo
Built in 2025
N/A lot
$N/A/sqft
$140 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32605, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,956 (100%) |
| Owner Occupied HU | 7,367 (67.2%) |
| Renter Occupied HU | 2,972 (27.1%) |
| Vacant Housing Units | 617 ( 5.6%) |
| Median Home Value | $331,341 |
| Average Home Value | $363,490 |
Housing Distribution
Address Breakdown
Residential
10,757
Single Family
9,516
Multi-Family
1,241
Businesses
566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Price • UNIVERSITY REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #GC532259
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