3418 NW 21st Dr #E3GainesvilleFL32605
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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 3418 NW 21st Dr #E3, Gainesville, FL, 32605 uses $48,034 cash to close to unlock $1,532/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,089/mo, and a $709/mo payment keeps the spread at $128/mo. Purchase price stands at $144,900, and rental yield measures 9.02% with $1,089/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 120.57% and total cumulative return in cash records $57,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,089/mo property income covering a $709/mo payment rather than investor’s personal income.
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32605, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,956 (100%) |
| Owner Occupied HU | 7,367 (67.2%) |
| Renter Occupied HU | 2,972 (27.1%) |
| Vacant Housing Units | 617 ( 5.6%) |
| Median Home Value | $331,341 |
| Average Home Value | $363,490 |
Housing Distribution
Address Breakdown
Residential
10,757
Single Family
9,516
Multi-Family
1,241
Businesses
566
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Listed by: Saveela Asad • KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Mls Name: Stellar MLS
Mls ID: #GC533013