3575 NE 1st Dr #60GainesvilleFL32609
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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 3575 NE 1st Dr #60, Gainesville, FL, 32609 offers a 7.42% rental yield on a $329,900 purchase with $2,040/mo rent. 27% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 94.64% and total cumulative return in cash at $103,503. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
5,227 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: N/A • N/A
Mls Name: NextHome
Mls Provider:
Mls ID: #O6331205