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$349,900

For Sale - Active
19152 NW 228th Way, High Springs, FL 32643
3 Beds
2 Baths
1,513 Square Feet
0.20 Acres Lot
Built in 2009
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 16, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$265
Cap Rate
5.2%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Property Description


0.20 Acres Lot
Built in 2009
For Sale - Active
1 Units

Welcome to this beautifully maintained 3-bedroom, 2-bathroom POOL/SPA home located in the sought-after Bailey Estates neighborhood of High Springs, only 30 minutes to the University of Florida! Enjoy the small-town charm of High Springs, known for its vibrant downtown filled with local restaurants, a brewery, unique shops, and access to stunning freshwater springs just minutes away. This spacious home features a formal dining room and an open-concept living area with elegant 10-foot ceilings, graceful archways, and tray ceilings that add architectural interest. The gourmet kitchen boasts granite countertops, stainless steel GE appliances—including a new GE Profile dishwasher with a third rack—and soft-close cabinetry, making it as functional as it is stylish. Additional upgrades include BRAND NEW carpet in the bedrooms, new LG front-load washer and dryer, upgraded toilets, and luxurious shower heads in both bathrooms. Crown molding and chair rail molding add a touch of sophistication throughout. Step outside to your private backyard oasis featuring a pristine pool and relaxing hot tub—perfect for entertaining or enjoying peaceful Florida evenings. A new roof will be installed with an acceptable offer, offering added peace of mind. This smart home is equipped with Nest floodlight cameras around the perimeter, a smart garage system, front door lock and camera, and even a smart kitchen sink. Don’t miss this opportunity to own a move-in ready home in a community that blends natural beauty, small-town charm, and modern convenience.

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Location


Property Details


Parking

  • Description: Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Off Street
  • Details: Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Off Street, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool: Yes
  • Solar Panels: Yes

HOA

  • Has HOA: Yes
  • Association: Errol Thomas
  • HOA Fee: $48/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 00236100082
  • Lot Size: 8712 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2009

Tax Information

  • Annual Tax: $2,626

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Alachua

Listing Details


Listed by:
Tiffany Thomas
BHGRE THOMAS GROUP
(352) 316-5556

Source:
Stellar MLS
MLS#: GC530922
Stellar MLS

Investment Summary


Monthly Cash Flow
-$265
Cap Rate
5.2%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Purchase Details

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Purchase price:
$349,900
Amount financed:
-$279,920
Down payment:
$69,980
Closing costs:
$10,497
Rehab costs:
$0
Initial cash invested:
$80,477
Square feet:
1,513
Cost per square foot:
$231
Monthly rent per square foot:
$1.72

Financing Details

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Loan amount:
$279,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,792
Property tax:
$219
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,193

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$219-$2,626
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (2%)
2%-$48-$576
Total operating expenses: (35%)
35%-$917-$11,002

Cash Flow


Monthly Yearly
Net operating income:
$1,527 $18,324
Mortgage payments:
-$1,792 -$21,504
Cash flow:
$265 $3,180