346 NW 50th Blvd #346GainesvilleFL32607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 346 NW 50th Blvd #346, Gainesville, FL, 32607 generates $1,523/mo in rent, after a $1,248/mo payment. Total monthly income is $1,523/mo. Return on cash invested sits at 17.51% in year one, and rental yield is 7.17% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 90.62% and total cumulative return in cash sums $76,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,523/mo property income rather than buyer’s personal income.
Condo
Built in 1999
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32607, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,114 (100%) |
| Owner Occupied HU | 4,952 (27.3%) |
| Renter Occupied HU | 11,529 (63.6%) |
| Vacant Housing Units | 1,633 ( 9.0%) |
| Median Home Value | $392,152 |
| Average Home Value | $427,897 |
Housing Distribution
Address Breakdown
Residential
14,306
Single Family
9,030
Multi-Family
5,276
Businesses
632
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy Wei • BLUE LINK REALTY LLC
Mls Name: Stellar MLS
Mls ID: #GC535047