1719 NW 23rd Ave APT 3FGainesvilleFL32605
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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 1719 NW 23rd Ave APT 3F, Gainesville, FL, 32605 generates $2,077/mo in rent and, after a $979/mo payment, leaves $750/mo in cash flow. Total monthly income is $2,077/mo, and annual cash flow is $8,996/yr on $66,300 invested. Return on cash invested sits at 33.48% in year one, and rental yield is 12.46% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 176.21% and total cumulative return in cash sums $116,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,077/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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
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Listed by: Mike Hastings • ARISTA REALTY
Mls Name: Stellar MLS
Mls ID: #GC536218