808 SE 16TH DRIVE
About This Property
We are excited to present this beautiful, newly completed 3-bedroom, 2-bath home. The home boasts an open floor plan that floods with natural light and showcases lovely finishes throughout. It's a space you'll want to call home immediately! Take advantage of walking and biking paths that weave through the community. Enjoy fast and reliable GRUcom high-speed internet. Engage with the thoughtfully planned outdoor spaces ideal for gatherings and leisure. A community park equipped with picnic tables, playgrounds, grills, and a multipurpose sports field.
Enjoy easy access to downtown Gainesville and the University of Florida, as well as numerous recreational opportunities.
This Heartwood home is the epitome of modern living in a community that cherishes its natural and historical roots. Don't miss your chance to be a part of this extraordinary neighborhood-schedule your visit today!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Price Decreased |
$299,707
↓ $21K
(6.6%) | |
| Price Decreased | |||
| Jul 11, 2024 | Listed by KELLER WILLIAMS GAINESVILLE REALTY PARTNERS | $320,707 | |
| Listed by KELLER WILLIAMS GAINESVILLE REALTY PARTNERS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017