532 NE 7th TerGainesvilleFL32601
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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 532 NE 7th Ter, Gainesville, FL, 32601 offers $2,373/mo rent that, after a $1,566/mo payment, leaves $250/mo cash flow. Total monthly income is $2,373/mo, and annual cash flow is $2,996/yr on $106,080 cash. Return on cash invested measures 22.73% in year one, and rental yield stands at 8.9% at a $319,999 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 118.58% and total cumulative return in cash reaches $125,787. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,373/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
9,148 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: Erica Bryant • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #GC530863