50
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1161 Alter Way
About This Property
Inside, extensive improvements completed over the past several years provide comfort, style, and peace of mind. The bright interior has been freshly painted and features updated doors, redesigned closet shelving, and beautifully refreshed living spaces throughout. The kitchen has been enhanced with painted cabinetry, newer appliances, and a reverse osmosis water filtration system, while the beautifully renovated primary bath offers a fresh, modern retreat.
Significant system upgrades include a newer roof, siding, gutters, furnace, central air conditioning, water heater, and an updated sliding glass door, allowing the next owner to move in with confidence. The insulated and drywalled garage adds everyday functionality, while newer flooring in the lower level provides additional flexibility.
Outdoor living is just as inviting with a spacious Trex deck, concrete patio, newer fencing and gates, xeriscaped landscaping for low-maintenance curb appeal, and two storage sheds that provide abundant space for tools, outdoor gear, and hobbies.
Blending meaningful updates, comfortable indoor and outdoor living, and an outstanding location in one of Broomfield's most convenient neighborhoods, this home offers the perfect opportunity to enjoy Colorado living with nearby parks, recreation, and everyday conveniences just moments from your doorstep.
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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