2211 NW 16th Ter #2211GainesvilleFL32605
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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 2211 NW 16th Ter #2211, Gainesville, FL, 32605 earns $189/mo cash flow from $1,350/mo rent with a $856/mo payment. Total monthly income totals $1,350/mo, and annual cash flow totals $2,273/yr on $57,979 capital. ROI tracks 23.83% on current figures, and rental yield reads 9.26% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 124.49% and total cumulative return in cash sums $72,180. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,350/mo property income instead of your personal income.
Condo
Built in 2005
2.17 Acres 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: Joe Brown • MOMENTUM REALTY - OCALA
Mls Name: Stellar MLS
Mls ID: #OM715803