12891 Spruce St
About This Property
Recent improvements include a new Furnace, air conditioning system and a new hot water heater in 2022, and updated light fixtures throughout, as well as full paint and newly finished basement. This home also features a paid off solar system and a whole house water softener. The open main-level layout is filled with natural light and designed for both everyday living and easy entertaining.
The recently updated basement is a major value add, featuring a spacious rec room, large bedroom, 3/4 bathroom, and a huge storage area. Ideal for guests, work-from-home needs, or extended living options.
Outside, enjoy a low-maintenance yard and patio space perfect for relaxed Colorado evenings.
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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