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17462 E Progress Dr
About This Property
The main level features an eat-in kitchen that opens to the living and family rooms, providing comfortable everyday living space. The home sits on an east-facing lot with a fenced backyard, sprinkler system, and a large covered patio for outdoor entertaining and relaxation. An attached two-car garage provides convenient parking and additional storage.
Located near parks, shopping, transportation, and Cherry Creek Schools, this home offers a convenient Centennial location and a solid opportunity for a buyer looking to add their own personal touches.
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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