2360 SW Archer Rd APT 1112GainesvilleFL32608
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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 2360 SW Archer Rd APT 1112, Gainesville, FL, 32608 uses $41,272 cash to close to unlock $2,018/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $994/mo, and a $609/mo payment keeps the spread at $168/mo. Purchase price stands at $124,500, and rental yield measures 9.58% with $994/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 129.77% and total cumulative return in cash records $53,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $609/mo payment rather than investor’s personal income.
Condo
Built in 1996
7.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32608, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,458 (100%) |
| Owner Occupied HU | 9,587 (37.7%) |
| Renter Occupied HU | 13,938 (54.7%) |
| Vacant Housing Units | 1,933 ( 7.6%) |
| Median Home Value | $394,846 |
| Average Home Value | $429,933 |
Housing Distribution
Address Breakdown
Residential
23,637
Single Family
12,924
Multi-Family
10,713
Businesses
1,001
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Listed by: Carolyne Freeman • FREEMAN REALTY INC
Mls Name: Stellar MLS
Mls ID: #GC534153