1601 Steele St
About This Property
The open layout (not commonly seen in homes of this era) updated kitchen, newly refinished hardwood floors and finished basement will appeal to anyone seeking a functional and comfortable home. Large balcony off the bedroom upstairs with privacy to enjoy your morning coffee.
Upon entering the home, notice the solid wood antique door and newly landscaped front yard with a flagstone porch, steel fence, in ground lighting, and putting green. The large, covered porch offers the ideal space for outdoor entertaining. The backyard features a pergola-covered patio, plenty of grass for playing and a small storage structure on the edge of the property could also work for art studio, playhouse or potting shed.
Walking distance to City Park with 2 lakes, Denver Zoo, newly constructed City Park Golf Course, Denver Museum of Nature and Science & IMAX, Bluebird Theatre, several gyms, and fantastic bars, music venues and restaurants one block away on Colfax.
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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