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$289,000

For Sale - Active
3216 NW 46th Ave, Gainesville, FL 32605
4 Beds
2 Baths
1,690 Square Feet
0.25 Acres Lot
Built in 1972
For Sale - Active
1 Units
Checked: 1 day ago
Updated: May 20, 2025 at 07:19PM

Investment Summary


Monthly Cash Flow
-$476
Cap Rate
4.2%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.3%

Property Description


0.25 Acres Lot
Built in 1972
For Sale - Active
1 Units

Exceptional Opportunity in desirable NW location! 4 Bedroom/ 2 Bath ranch style block home with separate entrance for 4th bedroom/additional living room. Kitchen and baths are original and are just waiting to be transformed. This home offers an ideal opportunity depending on your needs. Per city records, metal roof placed 2015 and A/C 2019.

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Location


Property Details


Parking

  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 06083013046
  • Lot Size: 10890 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1972

Tax Information

  • Annual Tax: $4,513

Utilities

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

Location

  • County: Alachua

Listing Details


Listed by:
Sandra Moorhouse
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 494-6571

Source:
Stellar MLS
MLS#: GC529059
Stellar MLS

Investment Summary


Monthly Cash Flow
-$476
Cap Rate
4.2%
Cash-on-Cash Return
-8.6%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.3%

Purchase Details

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Purchase price:
$289,000
Amount financed:
-$231,200
Down payment:
$57,800
Closing costs:
$8,670
Rehab costs:
$0
Initial cash invested:
$66,470
Square feet:
1,690
Cost per square foot:
$171
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$231,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,480
Property tax:
$376
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,996

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$376-$4,513
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (44%)
44%-$876-$10,513

Cash Flow


Monthly Yearly
Net operating income:
$1,004 $12,048
Mortgage payments:
-$1,480 -$17,760
Cash flow:
$476 $5,712