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$339,000

For Sale - Active
3215 NW 68th Ave, Gainesville, FL 32653
3 Beds
2 Baths
1,413 Square Feet
0.38 Acres Lot
Built in 1985
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Jun 23, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$433
Cap Rate
4.6%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Property Description


0.38 Acres Lot
Built in 1985
For Sale - Active
1 Units

One or more photos were virtually staged (fire shown in fireplace). Indulge yourself in this beautifully updated 3-bed, 2-bath home in Northwood Oaks, a great choice for those seeking a balance between suburban comfort and outdoor recreation! Driving up to the property you will notice the wide streets and properties shaded by old-growth trees, setting the tone for this elegant and sophisticated home on an oversized fenced lot. Indoors you will find a light-filled living room with luxury vinyl plank flooring, custom shelving, and fabulous floor-to-ceiling brick wood burning fireplace. The contemporary kitchen boasts granite countertops, custom shaker cabinets, stainless steel appliances, large pantry, peninsular bar offering extra storage and seating, and a separate dining area in front of the sliding glass doors leading to the screened porch and private backyard. Luxurious carpet adds warmth to the two guest bedrooms and primary suite that features an ensuite bath with double vanities, quartz countertops, and walk-in shower with handrail. The guest bath includes a skylight, custom wood vanity with quartz, and tub/shower combo with built-in bench. Out back is a large screened porch where you can enjoy a favorite beverage while watching your little ones play in the huge backyard with privacy fencing. Additional bonuses include a newer roof, newer hot water heater, whole house security system, 2021 HVAC, and 500+ sq ft 2-car garage. Northwood Oaks is a half-square-mile residential neighborhood in NW Gainesville, and is known for its blend of suburban living and proximity to scenic surroundings. Residents benefit from easy access to diverse Florida ecosystems like the 715-acre Four Creeks Preserve and the San Felasco Hammock Preserve State Park, offering miles of trails for hiking, biking, and equestrian activities. O’Leno State Park, just 20 miles northwest, is highly recommended for kayaking. The community is zoned for top-rated schools. Additionally, it offers convenient access to local dining, shopping options including a Walmart Supercenter and the Alachua County Farmers' Market, and is less than 5 miles from central Gainesville. If you love the idea of living in a fully remodeled home close to amenities while surrounded by an abundance of natural beauty and endless outdoor adventures, act fast and schedule your showing to make this property yours!

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Location


Property Details


Parking

  • Description: Garage
  • Details: 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: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • 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: 06014003046
  • Lot Size: 16553 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1985

Tax Information

  • Annual Tax: $5,054

Utilities

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

Location

  • County: Alachua

Listing Details


Listed by:
Whitney Johnson Perkins
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
(352) 665-0600

Source:
Stellar MLS
MLS#: GC531097
Stellar MLS

Investment Summary


Monthly Cash Flow
-$433
Cap Rate
4.6%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Purchase Details

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Purchase price:
$339,000
Amount financed:
-$271,200
Down payment:
$67,800
Closing costs:
$10,170
Rehab costs:
$0
Initial cash invested:
$77,970
Square feet:
1,413
Cost per square foot:
$240
Monthly rent per square foot:
$1.77

Financing Details

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Loan amount:
$271,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,737
Property tax:
$421
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,333

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$421-$5,054
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,046-$12,554

Cash Flow


Monthly Yearly
Net operating income:
$1,304 $15,648
Mortgage payments:
-$1,737 -$20,844
Cash flow:
$433 $5,196