5701 NW 23rd Ter #8GainesvilleFL32653
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5701 NW 23rd Ter #8, Gainesville, FL, 32653 in Gainesville speaks for itself: 14.13% gross on a $129,400 price, generating $1,524/mo in rent and $640/mo in net income after the $582/mo debt service. DSCR 2.62, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,683 stacks alongside $35,751 in projected five-year appreciation and $1,192/yr in principal reduction. Projected total cumulative return: $90,648.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 6.0% |
| Monthly Cash Flow | $640 | $300 |
City averages based on Gainesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,524 |
| Total Monthly Debt Service | $832 |
| DSCR Ratio | 1.83x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
871 sqft lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32653, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,367 (100%) |
| Owner Occupied HU | 4,705 (73.9%) |
| Renter Occupied HU | 1,470 (23.1%) |
| Vacant Housing Units | 192 ( 3.0%) |
| Median Home Value | $322,125 |
| Average Home Value | $361,276 |
Housing Distribution
Address Breakdown
Residential
6,266
Single Family
5,766
Multi-Family
500
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1977
871 sqft lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32653, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,367 (100%) |
| Owner Occupied HU | 4,705 (73.9%) |
| Renter Occupied HU | 1,470 (23.1%) |
| Vacant Housing Units | 192 ( 3.0%) |
| Median Home Value | $322,125 |
| Average Home Value | $361,276 |
Housing Distribution
Address Breakdown
Residential
6,266
Single Family
5,766
Multi-Family
500
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel Suskin • SUSKIN REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #GC524901
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