507 NW 39th Rd APT 312GainesvilleFL32607
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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 507 NW 39th Rd APT 312, Gainesville, FL, 32607 generates $1,253/mo in rent and, after a $807/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,253/mo, and annual cash flow is $1,906/yr on $54,664 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 9.12% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 122.13% and total cumulative return in cash sums $66,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,253/mo property income rather than buyer’s personal income.
Condo
Built in 1969
50 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
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Listed by: Rainbow Young • BOSSHARDT REALTY SERVICES LLC
Mls Name: Stellar MLS
Mls ID: #GC532095