9401 NW 23rd RdGainesvilleFL32606
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
Investment Highlights
Investment property for sale in Gainesville at 9401 NW 23rd Rd, Gainesville, FL, 32606 uses $137,573 cash to close to unlock $4,887/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $3,161/mo, and a $2,031/mo payment keeps the spread at $407/mo. Purchase price stands at $415,000, and rental yield measures 9.14% with $3,161/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash records $168,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,161/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 2004
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32606, Gainesville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,991 (100%) |
| Owner Occupied HU | 6,379 (53.2%) |
| Renter Occupied HU | 4,633 (38.6%) |
| Vacant Housing Units | 979 ( 8.2%) |
| Median Home Value | $427,061 |
| Average Home Value | $462,360 |
Housing Distribution
Address Breakdown
Residential
11,098
Single Family
7,038
Multi-Family
4,060
Businesses
810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Clark • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8425238