3101 Old Archer Rd UNIT 401GainesvilleFL32608
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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 3101 Old Archer Rd UNIT 401, Gainesville, FL, 32608 generates $1,574/mo in rent, after a $2,981/mo payment. Total monthly income is $1,574/mo. Return on cash invested sits at 5.28% in year one, and rental yield is 3.1% on a $609,100 entry. Equity gained on principal adds $3,930/yr, while 5% annual appreciation builds toward $168,283 over five years. Five-year ROI reaches 24.98% and total cumulative return in cash sums $50,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,574/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32608, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,458 (100%) |
| Owner Occupied HU | 9,587 (37.7%) |
| Renter Occupied HU | 13,938 (54.7%) |
| Vacant Housing Units | 1,933 ( 7.6%) |
| Median Home Value | $394,846 |
| Average Home Value | $429,933 |
Housing Distribution
Address Breakdown
Residential
23,637
Single Family
12,924
Multi-Family
10,713
Businesses
1,001
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Listed by: Kyle Majors • COMPASS FLORIDA, LLC
Mls Name: Stellar MLS
Mls ID: #GC531389