3300 SW 62nd LnGainesvilleFL32608
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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 3300 SW 62nd Ln, Gainesville, FL, 32608 generates $3,774/mo in rent and, after a $2,570/mo payment, leaves $290/mo in cash flow. Total monthly income is $3,774/mo, and annual cash flow is $3,475/yr on $172,725 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 8.63% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 115.01% and total cumulative return in cash sums $198,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,774/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.54 Acres 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: Denise Rosenberg • ENGEL & VOLKERS GAINESVILLE
Mls Name: Stellar MLS
Mls ID: #GC535987