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4239 NW 85TH PLACE
About This Property
The home offers a peaceful setting with added privacy thanks to the adjacent 376-acre Turkey Creek Preserve. Protected by Alachua County, this natural conservation area ensures there will be no future development behind the property, preserving the serene views and abundant wildlife for years to come. Nearby walking and nature trails provide easy access to outdoor recreation right from the community.
While the interior remains largely original, the home has been exceptionally maintained and several major components have already been updated, including a new roof in 2023 and a new water heater in 2026, providing valuable peace of mind for the next owner.
Additional conveniences include a covered carport and an attached storage/utility room/laundry room, offering plenty of space for tools, and extra storage.
Residents of Turkey Creek Forest enjoy an active lifestyle with exceptional amenities including a clubhouse, swimming pool, tennis courts, shuffleboard courts, and a variety of social activities and events. The community also provides nightly security patrols, typically from 9 PM to 4 AM, for added peace of mind.
Conveniently located near shopping, dining, healthcare facilities, and major roadways, this home offers the ideal combination of comfort and convenience. This rare one-owner home is ready to welcome its next chapter.
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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 Turkey Creek Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017