12244 Olive Way
About This Property
Inside, the main level invites you to settle in and stay awhile. Natural light pours through oversized windows & a sliding glass door, creating a bright, cheerful vibe from morning to night. The heart of the home is the kitchen, modern&inviting w/sleek finishes, a gas range, generous counter space,& a large island that's made for everything from casual breakfasts to birthday celebrations to weekend charcuterie boards w/friends. Thoughtfully chosen light fixtures bring a modern edge while still keeping the space warm, welcoming, and full of personality. Just off the kitchen, a built-in workspace offers the perfect nook for afternoons w/homework or staying organized in style. Upstairs, a spacious loft provides bonus living space, and the primary suite is a true retreat featuring a large bathroom with a dual shower, generous walk-in closet, and calming finishes. An additional en-suite bedroom provides a private option for guests or multigenerational living. The finished basement, complete w/another bedroom, expands your options even further: think game room, gym, movie nights, or all three.
Step outside to your private backyard oasis, where a pergola-covered patio and large side yard offer room to relax or entertain under the Colorado sky. Mountain views from the front of the home and a prime spot directly across from the neighborhood park round out the lifestyle appeal. Add in a 3-car garage & dual-zone HVAC, and you've got a home that's as functional as it is beautiful. Recent upgrades, including a brand-new roof& fresh exterior paint (June 2025), mean it's move-in ready&better than ever.
From quiet mornings to vibrant evenings, this home invites you to live fully, surrounded by thoughtful details, modern comfort, and room to grow.
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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