1700 SW 16th Ct APT E29GainesvilleFL32608
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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 E29, Gainesville, FL, 32608 listed at $144,000 pairs $1,214/mo rent with a $705/mo payment to leave $258/mo cash flow. Total monthly income runs $1,214/mo, and annual cash flow reaches $3,098/yr on $47,736 cash to close. Return on cash invested measures 26.4% in year one, and rental yield registers 10.12% at a $144,000 basis. Equity gained on principal adds $929/yr, and annual property appreciation at 5% supports $39,785 by year five. Five-year ROI tracks 138.3% and total cumulative return in cash totals $66,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,214/mo property income relative to a $705/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
820 sqft 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: Darren Jones • KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Mls Name: Stellar MLS
Mls ID: #GC535971