1415 NW 116TH WAY
About This Property
The home features a two-way split floor plan with the primary suite on one side of the house and the additional bedrooms on the other, creating separation and privacy. Vaulted ceilings in the main living areas make the space feel open and bright.
The kitchen includes white cabinetry, granite countertops, and ample storage, with easy flow into the dining and living areas. There is no carpet in the home, creating a clean, low-maintenance living environment.
A major system improvement completed in 2025 includes the home being fully repiped and replumbed, providing peace of mind for future owners.
The enclosed rear porch adds additional living space and is served by the home's HVAC system, offering flexibility for a second living area, office, or reading space.
Outside, the side-entry garage and oversized yard create a spacious feel. Mature landscaping and a recently updated sprinkler system help keep the yard looking its best. The backyard offers a peaceful setting where you can relax with a cup of coffee and enjoy the natural surroundings.
Fletcher's Mill is conveniently located in northwest Gainesville with easy access to I-75, making commuting across the city simple. The University of Florida, UF Health, and Santa Fe College are all within a reasonable drive.
If you are looking for a well-located home with a practical layout, meaningful system upgrades, and outdoor space to enjoy, this property deserves a closer look.
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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