123 Colorado Street
About This Property
The home boasts an open-concept layout that combines the living room, dining area, and kitchen into a bright and welcoming space. Sliding glass doors open to the backyard, inviting ample natural light indoors. A sizable loft on the second floor offers versatile options for a home office, playroom, or additional lounge area.
This property is packed with upgrades, including high-quality flooring, fully paid solar panels, and a low-maintenance backyard and side yard. Enjoy the benefits of low property taxes and affordable HOA fees, along with access to fantastic community amenities, including a swimming pool and a lovely park, perfect for family gatherings or pet playtime. Nestled in a friendly neighborhood filled with new homes, this property is an exceptional opportunity for both comfortable living and smart investment. A rare opportunity to own a turn-key income-generating property with short-term rental performance. It is ideal for investors seeking immediate cash flow and strong return potential.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Price Decreased |
$749,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Oct 28, 2025 | Listed by ReMax 2000 Realty | $799,000 | |
| Listed by ReMax 2000 Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017