227 Redwood Cir
About This Property
Convenience is prioritized with a 2-car attached garage and a laundry area equipped with a brand new dryer installed in July 2022. The air ducts and dryer vents were professionally cleaned in June 2022, with irrigation in both the front and backyards making lawn maintenance easy. The air conditioning and furnace were replaced in spring 2016, and an in-house humidifier was added for Colorado's dry air.
Recent updates include fresh carpeting upstairs, an elegant vanity in the master bathroom (2021), and a new coat of paint on the main floor walls and ceiling (completed in December 2021). The deck was repainted in 2023, and the exterior received a fresh coat of paint in 2017, enhancing the curb appeal. The beautiful perennial flower garden in the front adds to the charm.
The neighborhood offers amenities such as a pool, clubhouse, tennis courts, playgrounds, and 9 hole golf course providing a tranquil retreat. Enjoy the convenience of local restaurants, shopping centers, and parks nearby. The home is located in a prestigious school district, with Ryan Elementary, Mandalay Middle, and Standley Lake High School ensuring a top-notch education for your children.
Don't miss the opportunity to make this beautifully updated house your home!
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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