3590 NW 49TH DRIVE
About This Property
Spanning 2,019 square feet, this well-designed 3-bedroom home with a dedicated study/office features an open floor plan filled with an abundance of natural light, creating bright and welcoming living spaces throughout. Wood-look tile flooring runs seamlessly throughout the entire home with no carpet, offering durability and a clean, modern look. Custom millwork and beautifully crafted cabinetry in the kitchen and bathrooms to further enhance the home's high-end finishes.
At the heart of the home is a gourmet kitchen featuring custom white cabinetry, quartz countertops, and Shawn Lash's signature hidden pantry, blending elegance with functionality. The kitchen flows effortlessly into the dining and living areas, making the layout ideal for both everyday living and entertaining. A striking L-shaped sliding glass door system opens wide to the enclosed lanai, bringing in wonderful natural light and creating a seamless connection between indoor and outdoor spaces.
The covered lanai is already roughed in for a future outdoor kitchen and vent hood, (Plumbing, Gas and Hood Rough in) offering an excellent opportunity to create the ultimate outdoor entertaining space. Situated on a .22-acre fully fenced lot, the property also features an oversized garage, providing additional room for vehicles, storage, or hobbies. Lexington Place's neighborhood has common areas, offering additional open space.
Lexington Place is a charming luxury neighborhood known for its attractive curb appeal and beautifully designed homes. With its modern finishes, wood-look tile flooring, quartz kitchen surfaces, oversized garage, and thoughtful upgrades throughout, this residence presents an exceptional opportunity to enjoy stylish living in one of NW Gainesville's most desirable and conveniently located communities.
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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