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$574,900

For Sale - Active
22617 NW 202nd St, High Springs, FL 32643
3 Beds
2 Baths
2,487 Square Feet
6.38 Acres Lot
Built in 2001
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: May 25, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$1,240
Cap Rate
3.7%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.9%

Property Description


6.38 Acres Lot
Built in 2001
For Sale - Active
1 Units

Situated on 6.38 fully fenced and gated acres in High Springs, Florida, this charming 3-bedroom, 2-bathroom renovated country home offers a serene escape just minutes from downtown and I-95. As you drive down the winding driveway, the brick façade and inviting covered front porch draw you in, promising quiet evenings watching the sunset. Inside, the open concept living and dining area welcomes you with its mid-century modern vibe from the warm wood beams overhead and the soft glow of a stately fireplace. The kitchen, thoughtfully updated with shaker cabinetry and sleek quartz countertops, flows seamlessly into a peninsular bar, perfect for casual meals or sipping coffee while enjoying the view of the dining space. The home’s split floorplan offers privacy and ease, with two cozy bedrooms and a bathroom tucked away on one side. The primary suite feels like its own retreat, complete with a walk-in closet and a peaceful en-suite bathroom featuring dual vanities and a soaking tub, ideal for long, relaxed evenings. Beyond the living room, an enclosed sunroom invites you to sit back and enjoy the Florida light in comfort, no matter the season. The two-car garage, just off the kitchen, leads to a spacious bonus room above—an inspiring space for creativity, relaxation, or whatever you dream it to be. Outside, the gazebo stands beside a quiet pond, its rock fountain waiting for someone to bring it back to life. It's a perfect spot to unwind, enjoy nature, or start a fun project—just waiting for your touch. Owner financing is available for qualified buyers! What are you waiting for? Make this home yours today!

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Location


Property Details


Parking

  • Description: Garage Faces Side
  • Details: Garage Faces Side, 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: 8
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 02866003004
  • Lot Size: 277913 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2001

Tax Information

  • Annual Tax: $7,731

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Propane
  • Cooling: Central Air

Location

  • County: Alachua

Listing Details


Listed by:
Jonathan Mills
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
(352) 672-4467

Source:
Stellar MLS
MLS#: GC528249
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,240
Cap Rate
3.7%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.9%

Purchase Details

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Purchase price:
$574,900
Amount financed:
-$459,920
Down payment:
$114,980
Closing costs:
$17,247
Rehab costs:
$0
Initial cash invested:
$132,227
Square feet:
2,487
Cost per square foot:
$231
Monthly rent per square foot:
$1.41

Financing Details

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Loan amount:
$459,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,011
Property tax:
$644
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,900

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$644-$7,732
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$1,519-$18,232

Cash Flow


Monthly Yearly
Net operating income:
$1,771 $21,252
Mortgage payments:
-$3,011 -$36,132
Cash flow:
$1,240 $14,880