331 Mt Elbert St
About This Property
The meticulously maintained lot offers a backyard that faces west, providing incredible sunset views. Outdoor features include a large deck, concrete patio, storage shed, and plenty of lawn space for a playset, pets, or garden beds. Recent updates include: New laminate flooring on the main level and staircase, Updated interior paint, Kitchen remodel completed within the last year, Exterior paint within the last two years, Water treatment and softener system, Attic fan, 50-year roof installed approximately two years ago, Water heater replaced approximately three years ago, Additional mini-split A/C unit in the primary bedroom, well-maintained carpet throughout! Conveniently located near a new neighborhood park and soccer fields, Prairie Center shopping and dining, Brighton Recreation Center, Brighton Oasis Family Aquatic Park, and with easy access to Hwy 76 and Hwy 85 for commuting. This is the complete package-updated, finished, landscaped, and ready for you to move in and enjoy.
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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