218 NE 132ND TerraceGainesvilleFL32641
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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 218 NE 132ND Terrace, Gainesville, FL, 32641 generates $1,590/mo in rent and, after a $1,101/mo payment, leaves $97/mo in cash flow. Total monthly income is $1,590/mo, and annual cash flow is $1,165/yr on $74,588 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 8.48% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 111.88% and total cumulative return in cash sums $83,445. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,590/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32641, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,649 (100%) |
| Owner Occupied HU | 3,095 (54.8%) |
| Renter Occupied HU | 1,963 (34.7%) |
| Vacant Housing Units | 591 (10.5%) |
| Median Home Value | $202,369 |
| Average Home Value | $236,539 |
Housing Distribution
Address Breakdown
Residential
5,354
Single Family
4,903
Multi-Family
451
Businesses
185
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Listed by: HEATHER HUNTER • IHEART REALTY INC
Mls Name: realMLS
Mls ID: #2117848