1622 Monroe St
About This Property
Enjoy the outdoors with a large, private backyard complete with new fencing, a new concrete sidewalk, and a custom wood storage shed that complements the fencing. The covered flagstone patio, accessible via dual glass sliders, offers the perfect setting for entertaining or relaxation. The mature trees surrounding the property add to the tranquil ambiance.
Located on a high lot, this home is just a short walk to City Park, where you'll find outdoor activities, the Denver Museum, and the City Park Golf Course. For families, the nearby Nature Play Park offers a perfect spot for kids.
Additional features include a large 2-car garage with a new door, a wide back alley, and raised garden/flower beds with drip lines. The lower-level features two spacious bedrooms with new carpet and blinds, plus a stunning new bathroom with a walk-in, dual-head glass shower and dramatic tile work.
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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