816 SE 16th DRIVE
About This Property
old growth oaks on Gainesville's historic east side. This is a neighborhood steeped in nature and inspired by history. Where living is simplified and neighbors are like family. And the beginning of a vibrant community that will enhance existing culture and enrich the quality of life. Heartwood
offers its residents amenities and features like: GRUcom high speed internet, walking and biking paths; water features; thoughtfully planned
outdoor spaces; neighborhood park with picnic tables, playground, grills, multipurpose sports field, and more; proximity to excellent schools; recreational opportunities; Close proximity to downtown and UF.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Price Decreased |
$275,707
↓ $23K
(7.7%) | |
| Price Decreased | |||
| Aug 9, 2024 | Relisted | $298,707 | |
| Relisted | |||
| Aug 5, 2024 | No longer available | - | |
| No longer available | |||
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About Gainesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017