562 NE 2nd 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
Investment property for sale in Gainesville at 562 NE 2nd Ave, Gainesville, FL, 32601 uses $190,491 cash to close to unlock $2,059/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $4,014/mo, and a $2,834/mo payment keeps the spread at $172/mo. Purchase price stands at $579,000, and rental yield measures 8.32% with $4,014/mo rent. Return on cash invested shows 21.14% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 110.01% and total cumulative return in cash records $209,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,014/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.27 Acres 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: Ricardo Kokkas • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #GC529906