2603 NE 12th StGainesvilleFL32609
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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 2603 NE 12th St, Gainesville, FL, 32609 uses $66,267 cash to close to unlock $3,334/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $1,604/mo, and a $978/mo payment keeps the spread at $278/mo. Purchase price stands at $199,900, and rental yield measures 9.63% with $1,604/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 130.4% and total cumulative return in cash records $86,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,604/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1962
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32609, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,235 (100%) |
| Owner Occupied HU | 4,103 (49.8%) |
| Renter Occupied HU | 3,468 (42.1%) |
| Vacant Housing Units | 664 ( 8.1%) |
| Median Home Value | $210,945 |
| Average Home Value | $275,768 |
Housing Distribution
Address Breakdown
Residential
7,394
Single Family
5,994
Multi-Family
1,400
Businesses
1,060
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Listed by: Susan Wagner • COLDWELL BANKER M.M. PARRISH REALTORS
Mls Name: Stellar MLS
Mls ID: #GC532325