1618 NW 4th AveGainesvilleFL32603
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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
Rental property for sale in Gainesville at 1618 NW 4th Ave, Gainesville, FL, 32603 generates $4,620/mo in rent, after a $3,666/mo payment. Total monthly income is $4,620/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 7.4% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 95.06% and total cumulative return in cash sums $234,256. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,620/mo property income rather than buyer’s personal income.
Multi Family
Built in 1949
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32603, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,728 (100%) |
| Owner Occupied HU | 312 (11.4%) |
| Renter Occupied HU | 2,149 (78.8%) |
| Vacant Housing Units | 267 ( 9.8%) |
| Median Home Value | $395,098 |
| Average Home Value | $398,998 |
Housing Distribution
Address Breakdown
Residential
2,323
Single Family
1,703
Multi-Family
620
Businesses
107
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Listed by: Benjamin Burkley • MAISON
Mls Name: Stellar MLS
Mls ID: #GC535993