For SaleExcellent Deal4 days on market
2002 NE 7TH TERRACE
2002 NE 7TH TERRACE, GAINESVILLE, FL 32609, Gainesville, FL 32609
$155,000
Listing Price
2002 NE 7TH TERRACE, GAINESVILLE, FL 32609
Loc: Gainesville, FL
Days Listed
4
Tax Assessed
$232k
Lot Size
10,454 sqft
Rent Estimate
$1,821/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
2
W. A. Metcalfe Elementary School
K-5
0.5 mi away
5
Howard W. Bishop Middle School
6-8
0.3 mi away
5
Eastside High School
7,9-12
3.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch-style housesingle-storywooded lotlarge pine treesstucco exteriorcarportrural settingunfenced yardminimalistnature-surroundedsloping drivewayrusticfixer-upper potential
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 9/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
8.23%
Total ROI
137.8%
Cash Flow
$259/mo
DSCR
1.32
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $259/mo net cash flow with a 8.2% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (8.2%)
- • Strong rental demand in Gainesville
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-19 | Listed for sale | $155,000 | $94 |
| 2026-09-15 | Sold | $105,000 | $64 |
| 2000-12-28 | Sold | $50,000 | $30 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,631.01 | $187,374 |
| 2024 | $4,327.04 | $170,340 |
| 2023 | $3,882.13 | $154,854 |
| 2022 | $3,350.1 | $140,776 |
| 2021 | $3,117.24 | $127,978 |
| 2020 | $2,774.19 | $116,344 |
| 2019 | $2,790.84 | $111,111 |
| 2018 | $2,790.84 | $109,800 |
| 2017 | $2,430.37 | $105,500 |
| 2016 | $2,325.36 | $83,490 |
| 2015 | $2,058.77 | $75,900 |
| 2014 | $1,920.52 | $75,800 |
| 2013 | $1,934.42 | $82,800 |
| 2012 | $0 | $83,900 |
| 2011 | $0 | $68,590 |
| 2010 | $0 | $104,700 |
| 2009 | $0 | $108,100 |
| 2008 | $0 | $115,000 |
| 2007 | $0 | $113,200 |
| 2006 | $0 | $97,200 |
| 2005 | $0 | $83,800 |
| 2004 | $0 | $78,000 |
| 2003 | $0 | $60,800 |
| 2002 | $0 | $60,800 |
| 2001 | $0 | $55,400 |
| 2000 | $0 | $51,200 |
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