1608 Cherry St
About This Property
Beautiful home located in the highly desirable Park Hill neighborhood. Do not miss out on this lovely 3 bed/2 bath updated home. Open concept living area with hardwood floors, gas fireplace, and built in shelves. Tons of natural light. Stainless steel appliances and granite countertops. The finished basement has an additional non conforming bedroom. Flex space for family room, exercise area or an office. Ample closeted storage area and a separate laundry room. Private fenced in yard and patio area. Full sprinkler system in the front and back yard. One car detached garage with extra room for storage and gear. Enjoy the Park Hill neighborhood, which is walking distance from numerous restaurants, shops, parks and public transportation. Located a few blocks from City Park, the Denver Zoo, and the Museum of Nature and Science. Come make this home yours today!
Enjoy the Park Hill neighborhood, which is walking distance from a numerous restaurants, shops, parks and public transportation Located a few blocks from City Park, the Denver Zoo, and the Museum of Nature and Science. Come make this home yours today!
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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