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3515 NW 7TH PLACE
About This Property
The main home offers a generous family room and an inviting great room centered around a striking two-sided stone fireplace. Laminate flooring extends throughout the main living areas, while the light-filled kitchen features stainless steel appliances and a separate dining area.
Convenient inside laundry is accessible from both the in-law suite and the main living space. Three primary bedrooms feature newer carpet, and abundant storage throughout the home provides plenty of room to stay organized.
Ideally situated off NW 34th Street, this home is just minutes from the University of Florida, offering convenient access to campus, shopping, dining, and more.
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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 Gainesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017