10457 Owens Cir
About This Property
The main floor has been renovated to create a wonderful flow from the living room to the dining area to the kitchen, which includes more than a few surprises. In this beautifully updated kitchen you'll find butcher block countertops, under cabinet lighting and electrical outlets, task lighting INSIDE the drawers, and a surprise butler's pantry around the corner with an extra sink and lots of storage. The mobile Kitchen Island is INCLUDED. The kitchen also offers access to the gorgeous and generously sized back deck, overlooking landscaped yard with terraces of flowers, fenced garden beds just waiting to be planted, and a large shed for extra storage.
Upstairs, you'll find the primary bedroom with a LARGE closet, 2 additional bedrooms, and the main full bathroom. Take a look out the window and you'll see Longs Peak from the Primary Bedroom! Head downstairs to the basement to find that it is fully finished with a 4th bedroom boasting an attached full bath, and a family or bonus room.
The A/C and hot water heater were upgraded in 2019 and the Radon System was installed around the same time. Exterior Paint was updated just a few weeks ago. The furnace is from 2008. The roof was replaced in 2010 due to hail. A recent inspection of the roof did show some hail damage from more recent storms, but the roof is functioning and there are no leaks. All appliances, washer, dryer, electric fireplace in living room, all shelves, and all garage cabinets/storage are included.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017