1700 SW 16th Ct APT D24GainesvilleFL32608
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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 1700 SW 16th Ct APT D24, Gainesville, FL, 32608 offers a 11.6% rental yield on a $114,900 purchase with $1,111/mo rent. Total monthly income registers $1,111/mo, and a $562/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,187/yr on $38,089 to close, and return on cash invested stands at 30.9% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 162.38% and total cumulative return in cash at $61,850. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,111/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32608, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,458 (100%) |
| Owner Occupied HU | 9,587 (37.7%) |
| Renter Occupied HU | 13,938 (54.7%) |
| Vacant Housing Units | 1,933 ( 7.6%) |
| Median Home Value | $394,846 |
| Average Home Value | $429,933 |
Housing Distribution
Address Breakdown
Residential
23,637
Single Family
12,924
Multi-Family
10,713
Businesses
1,001
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Listed by: Hongtao Liu • BHGRE THOMAS GROUP
Mls Name: Stellar MLS
Mls ID: #GC535297