2203 NE 8th AveGainesvilleFL32641
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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 2203 NE 8th Ave, Gainesville, FL, 32641 listed at $215,000 pairs $1,439/mo rent with a $1,052/mo payment to leave $13/mo cash flow. Total monthly income runs $1,439/mo, and annual cash flow reaches $150/yr on $71,273 cash to close. Return on cash invested measures 20.12% in year one, and rental yield registers 8.03% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 104.56% and total cumulative return in cash totals $74,521. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,439/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
4,792 sqft 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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Nearby investment properties with comparable prices
Listed by: Sable Barron • KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Mls Name: Stellar MLS
Mls ID: #GC535912