2923 NE 16th TerGainesvilleFL32609
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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 2923 NE 16th Ter, Gainesville, FL, 32609 generates $1,786/mo in rent and, after a $974/mo payment, leaves $465/mo in cash flow. Total monthly income is $1,786/mo, and annual cash flow is $5,585/yr on $65,969 invested. Return on cash invested sits at 28.38% in year one, and rental yield is 10.77% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 148.86% and total cumulative return in cash sums $98,202. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,786/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
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: Vincent Hampton • ZORI REALTY
Mls Name: Stellar MLS
Mls ID: #GC532497