512 NW 9th AveGainesvilleFL32601
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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 512 NW 9th Ave, Gainesville, FL, 32601 generates $1,804/mo in rent and, after a $808/mo payment, leaves $709/mo in cash flow. Total monthly income is $1,804/mo, and annual cash flow is $8,503/yr on $54,698 invested. Return on cash invested sits at 35.46% in year one, and rental yield is 13.12% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 186.81% and total cumulative return in cash sums $102,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,804/mo property income rather than buyer’s personal income.
Condo
Built in 1921
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32601, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,113 (100%) |
| Owner Occupied HU | 2,117 (17.5%) |
| Renter Occupied HU | 8,676 (71.6%) |
| Vacant Housing Units | 1,320 (10.9%) |
| Median Home Value | $317,974 |
| Average Home Value | $337,267 |
Housing Distribution
Address Breakdown
Residential
8,340
Single Family
5,629
Multi-Family
2,711
Businesses
1,201
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Listed by: Mary Jane Brunel • WATSON REALTY CORP
Mls Name: Stellar MLS
Mls ID: #GC531945