2831 NE 15th 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 2831 NE 15th St, Gainesville, FL, 32609 listed at $279,500 pairs $2,115/mo rent with a $1,368/mo payment to leave $260/mo cash flow. Total monthly income runs $2,115/mo, and annual cash flow reaches $3,122/yr on $92,654 cash to close. Return on cash invested measures 23.28% in year one, and rental yield registers 9.08% at a $279,500 basis. Equity gained on principal adds $1,804/yr, and annual property appreciation at 5% supports $77,221 by year five. Five-year ROI tracks 121.54% and total cumulative return in cash totals $112,616. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,115/mo property income relative to a $1,368/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.27 Acres 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: Michele Zopf • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #GC532901