385 Seneca Way
About This Property
Upstairs, your beautiful open living room wows with vaulted ceilings and a stunning wall of windows that flood the space with natural light and gorgeous scenery. Around the corner is the kitchen with a custom tile backsplash, a dining nook, and tons of storage. Just steps away, you can quietly observe the surrounding wildlife or entertain all summer long on your expansive composite deck overlooking the property. The backyard also offers lots of shaded space for a playset, garden, or firepit area. Don't forget about the storage shed, 2-car garage, plus all the extra parking spots for your RV or boat. Back inside, the master bedroom boasts a balcony, a skylight, and a private door to the bathroom, which is shared with the guest room down the hall.
This secluded corner property has an ideal location halfway between Denver & Colorado Springs. You'll be close to top-tier schools, hiking trails, fishing spots & golf courses, and you can jump on Rt105 & I-25 in no time at all!
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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