2314 NE 3rd PlGainesvilleFL32641
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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 2314 NE 3rd Pl, Gainesville, FL, 32641 generates $1,992/mo in rent and, after a $1,272/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,992/mo, and annual cash flow is $3,208/yr on $86,157 invested. Return on cash invested sits at 23.63% in year one, and rental yield is 9.2% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 123.44% and total cumulative return in cash sums $106,354. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,992/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
10,019 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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Listed by: Kimberly McNeill • FLORIDA HOMES REALTY & MORTGAGE GVILLE
Mls Name: Stellar MLS
Mls ID: #GC530736