703 NW 89th StGainesvilleFL32607
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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 703 NW 89th St, Gainesville, FL, 32607 uses $155,474 cash to close to unlock $8,726/yr annual cash flow and $727/mo monthly cash flow. Total monthly income runs $3,840/mo, and a $2,296/mo payment keeps the spread at $727/mo. Purchase price stands at $469,000, and rental yield measures 9.83% with $3,840/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 133.54% and total cumulative return in cash records $207,619. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1 Acres 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: Jeff Quigley • COLDWELL BANKER M.M. PARRISH REALTORS
Mls Name: Stellar MLS
Mls ID: #GC532975