1220 Hillside St
About This Property
The home has lots of southwest facing light, making it perfect for plants and enjoying the ample sunlight Colorado is known for, which accentuates the refinished and repainted walls and beautiful original oak hardwood floors. Modern, double-paned windows and updated window coverings make the home energy efficient, quiet and private.
The property sits at a prime location with easy access to downtown Denver, RTD bus & Light Rail transportation, and is only a twenty minute drive from DIA. The neighborhood is quiet and well-established just minutes from the Anschutz Medical Campus, Stanley Marketplace, Lowry campus and Westerly Creek Park. It is also walking distance of Old Town Aurora and Lady Justice Brewing Company, restaurants, two theater venues, and a public Library. Additionally, the property is situated just a block and a half from the coveted Aurora West Preparatory Academy.
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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