11348 NW 31ST LANE
About This Property
Beautifully remodeled 3-bedroom, 2-bath home in NW Gainesville with 1,334 sq. ft. of living space on an approximately 8,300 sq. ft. lot. This home features abundant natural light, open-concept main living areas, fresh interior and exterior paint, new flooring throughout, quartz countertops, updated bathrooms, roller blinds, and a calm modern neutral design.
Major updates include a new roof, new HVAC, and thoughtful finish selections throughout. The layout feels bright, spacious, and welcoming, with comfortable living areas and a practical flow for everyday living and entertaining.
The kitchen features updated cabinetry, quartz counters, modern fixtures, and a clean neutral palette. The bathrooms have been refreshed with updated tile, vanities, fixtures, and finishes. The exterior includes a spacious yard with room to enjoy the outdoor area.
Located in an established NW Gainesville neighborhood near shopping, dining, parks, schools, and major roadways. Current school zoning shows Meadowbrook Elementary; buyer to verify all school zoning, measurements, square footage, lot size, and property details. Some photos have been virtually rendered.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Alachua
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017