2903 NW 62nd AveGainesvilleFL32653
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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 2903 NW 62nd Ave, Gainesville, FL, 32653 generates $1,859/mo in rent and, after a $1,351/mo payment, leaves $27/mo in cash flow. Total monthly income is $1,859/mo, and annual cash flow is $328/yr on $91,494 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 8.08% on a $276,000 entry. Equity gained on principal adds $1,781/yr, while 5% annual appreciation builds toward $76,254 over five years. Five-year ROI reaches 105.37% and total cumulative return in cash sums $96,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,859/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32653, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,367 (100%) |
| Owner Occupied HU | 4,705 (73.9%) |
| Renter Occupied HU | 1,470 (23.1%) |
| Vacant Housing Units | 192 ( 3.0%) |
| Median Home Value | $322,125 |
| Average Home Value | $361,276 |
Housing Distribution
Address Breakdown
Residential
6,266
Single Family
5,766
Multi-Family
500
Businesses
387
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