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3124 Elk View Dr
About This Property
The main living room is bathed in natural light thanks to newly installed windows, fresh refinished hardwoods. The primary suite is a true sanctuary, featuring recently renovated bathroom with elegant new tile flooring & stunningly redone shower. Throughout the finishes feel intentional, high-end, including sleek quartz countertops in both upstairs & downstairs full bathrooms.
The lower level offers incredible versatility, boasting a dedicated kitchen & craft area outfitted with new cabinetry & quartz counters. It's the perfect setup for hobbies or hosting, especially with the addition of a basement bathroom featuring a luxurious steam shower-the ultimate way to unwind. An amazing intergenerational living opportunity with full walkout basement, new patios, complete living quarters offering private generous living.
Step outside to discover an outdoor living space designed for both relaxation & activity. The patio was recently redone & extended with beautiful new pavers, creating a seamless flow for outdoor entertaining. The grounds have been thoughtfully landscaped with stone terracing, rock beds, and new steps connecting the side and lower yards. Down in the lower backyard, a freshly leveled pad hosts a playset, making the most of the tiered lot. Every inch of this property has been elevated to offer a turnkey lifestyle in one of Colorado's most sought-after locations.
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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