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$248,700

Sale Pending
4435 NW 28th Ter, Gainesville, FL 32605
3 Beds
1 Bath
1,068 Square Feet
0.21 Acres Lot
Built in 1978
Sale Pending
1 Units
Checked: 1 day ago
Updated: Jun 16, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$246
Cap Rate
5.0%
Cash-on-Cash Return
-5.2%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-1.0%

Property Description


0.21 Acres Lot
Built in 1978
Sale Pending
1 Units

Enjoy the best of Florida living in this charming 3-bedroom home in the heart of Springtree. With smart updates, practical features, and warm, welcoming style, this home is truly move-in ready. A metal roof, no carpet, and thoughtful interior touches throughout make for low-maintenance living with plenty of personality. Inside, you’ll find a bright, well-designed layout with generous living space and updated lighting. The kitchen features new stainless steel appliances—including a refrigerator, oven, and dishwasher—making everyday cooking and entertaining guests a breeze. The refreshed bathroom adds a modern touch, while the large laundry room with built-in shelving adds convenience and storage. A newer HVAC system ensures year-round comfort, and the attached garage adds even more versatility to the space. Outdoor living is a highlight in this home. Step out to the large screened-in patio with beautiful mosaic tile flooring—perfect for relaxing or hosting friends. The expansive, fully fenced backyard offers room to garden, play, or simply enjoy the outdoors in privacy. A cozy firepit area invites you to gather under the stars, and a storage shed provides extra space for tools, gear, or your next backyard project. Best of all, the property sits right next to a neighborhood walking trail—ideal for morning strolls, dog walks, or an easy way to enjoy the surrounding green space. This Springtree gem checks all the boxes for comfort, style, and ease—tucked in a well-established neighborhood close to top-rated schools, local parks, shopping, dining, the University of Florida, and everything Gainesville has to offer.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Other
  • 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: 06082010088
  • Lot Size: 9148 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1978

Tax Information

  • Annual Tax: $2,568

Utilities

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

Location

  • County: Alachua

Listing Details


Listed by:
Heather Doughton
BOSSHARDT REALTY SERVICES LLC
(352) 514-7557

Source:
Stellar MLS
MLS#: GC531331
Stellar MLS

Investment Summary


Monthly Cash Flow
-$246
Cap Rate
5.0%
Cash-on-Cash Return
-5.2%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-1.0%

Purchase Details

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Purchase price:
$248,700
Amount financed:
-$198,960
Down payment:
$49,740
Closing costs:
$7,461
Rehab costs:
$0
Initial cash invested:
$57,201
Square feet:
1,068
Cost per square foot:
$233
Monthly rent per square foot:
$1.69

Financing Details

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Loan amount:
$198,960
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,274
Property tax:
$214
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,614

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$214-$2,568
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$664-$7,968

Cash Flow


Monthly Yearly
Net operating income:
$1,028 $12,336
Mortgage payments:
-$1,274 -$15,288
Cash flow:
$246 $2,952