2751 SE 24th 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
Investment property for sale in Gainesville at 2751 SE 24th Pl, Gainesville, FL, 32641 offers a 9.19% rental yield on a $179,000 purchase with $1,371/mo rent. Total monthly income registers $1,371/mo, and a $876/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,199/yr on $59,339 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 123.36% and total cumulative return in cash at $73,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,371/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.54 Acres 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: Carolyn Quinones • CLASSIC PROPERTIES OF NORTH FLORIDA
Mls Name: Stellar MLS
Mls ID: #GC535617