8646 NW 42nd StGainesvilleFL32653
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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 8646 NW 42nd St, Gainesville, FL, 32653 offers a 11.24% rental yield on a $189,000 purchase with $1,770/mo rent. Total monthly income registers $1,770/mo, and a $925/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,190/yr on $62,654 to close, and return on cash invested stands at 29.79% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 156.4% and total cumulative return in cash at $97,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,770/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
4,356 sqft lot
$N/A/sqft
No 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
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Listed by: Vivian Glicco, LLC • BOSSHARDT REALTY SERVICES LLC
Mls Name: Stellar MLS
Mls ID: #GC536598