2590 Birch St
About This Property
As you enter this home from the covered and picturesque front porch, through the newly installed artisan glass front door, you will be struck by the gleaming refinished hardwood floors. The abundance of windows allows natural light to beam through the spacious and open living room and formal dining room, as you'll enjoy the spectacular view of the surrounding maple and ash trees. You'll feel like a homeowner with natural privacy. The finished basement, with new carpet, provides a complete separate living quarters and ample storage space. Included is a bright bedroom, convenient laundry room, full bath, and large living area that can double as an office. A must-see fenced in back yard offers a private oasis with a useful mix of built-out entertaining space, a covered awning, market lights, and a television mount for those evenings watching games on the patio with guests. The well-manicured lawn includes a fully sprinklered, grass area. Looking to grow some vegetables or seasonal flowers? Built-in planter boxes are primed for your gardening desires! This home is like something out of a storybook, with authentic arched doorways, quaint front porch and porch swing, central fireplaces on both floors, and large windows looking out, giving you the feeling that the seller described as, "living within a treehouse". New water heater (2021), AC unit (2022). Enjoy living in this highly desirable Park Hill neighborhood, walking distance to coveted Denver schools, and all your favorite restaurants such as The Cherry Tomato, Honey Hill Cafe, and Spinelli's Market.
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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