507 NW 39TH Road #208GainesvilleFL32607
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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 507 NW 39TH Road #208, Gainesville, FL, 32607 uses $46,410 cash to close to unlock $1,694/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $1,070/mo, and a $685/mo payment keeps the spread at $141/mo. Purchase price stands at $140,000, and rental yield measures 9.17% with $1,070/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 123.07% and total cumulative return in cash records $57,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,070/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A 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: REBEKAH PREVATT • FLORIDA HOMES REALTY & MTG LLC
Mls Name: realMLS
Mls ID: #2123876