9091 NW 37 CIRCLE
About This Property
Turkey Creek Forest offers a nightly security guard, community pool, tennis courts, shuffleboard, and a clubhouse with scheduled weekly exercise classes, game nights, dancing, and more. Home is in the beautiful city of Gainesville, only 8 miles to Downtown Gainesville, University Florida, Shand's & VA Hospitals, 15 miles to Celebration Pointe and Butler Plaza, 3 miles to the Senior Recreation Center, and 4 miles to Publix at Hunter's Crossing.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017