4340 NW 48th St APT 102GainesvilleFL32606
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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 4340 NW 48th St APT 102, Gainesville, FL, 32606 uses $66,267 cash to close to unlock $6,406/yr annual cash flow and $534/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $978/mo payment keeps the spread at $534/mo. Purchase price stands at $199,900, and rental yield measures 11.17% with $1,860/mo rent. Return on cash invested shows 29.58% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 155.25% and total cumulative return in cash records $102,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 2003
39.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32606, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,991 (100%) |
| Owner Occupied HU | 6,379 (53.2%) |
| Renter Occupied HU | 4,633 (38.6%) |
| Vacant Housing Units | 979 ( 8.2%) |
| Median Home Value | $427,061 |
| Average Home Value | $462,360 |
Housing Distribution
Address Breakdown
Residential
11,098
Single Family
7,038
Multi-Family
4,060
Businesses
810
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Listed by: Jonathan Mills • KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Mls Name: Stellar MLS
Mls ID: #GC534434