938 NW 42nd TerGainesvilleFL32605
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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 938 NW 42nd Ter, Gainesville, FL, 32605 offers a 8.56% rental yield on a $215,707 purchase with $1,539/mo rent. Total monthly income registers $1,539/mo, and a $1,056/mo payment leaves $107/mo available for distribution. Annual cash flow reaches $1,288/yr on $71,507 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $1,392/yr while 5% annual appreciation supports $59,596 over five years. Portfolio math shows five-year ROI at 113.13% and total cumulative return in cash at $80,899. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,539/mo property income against a $1,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32605, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,956 (100%) |
| Owner Occupied HU | 7,367 (67.2%) |
| Renter Occupied HU | 2,972 (27.1%) |
| Vacant Housing Units | 617 ( 5.6%) |
| Median Home Value | $331,341 |
| Average Home Value | $363,490 |
Housing Distribution
Address Breakdown
Residential
10,757
Single Family
9,516
Multi-Family
1,241
Businesses
566
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Listed by: Craig Wilburn • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls ID: #GC530610