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4155 Jay St
About This Property
Step out back and the yard does the rest of the talking. A huge covered patio - outfitted with two ceiling fans - makes for shaded morning coffee or evening dinners well into the warm months, while mature trees and established foliage give the whole space a settled, private, grown-in feel most new landscaping can't touch. Beyond that: a garden bed, a shed for tools and toys, and a greenhouse for the grower who wants a head start every season.
And then there's the location. Hop on a bike or just start walking, and you're minutes from the heart of the 38th Avenue corridor - Wheat Ridge's own stretch of local lanes, shops, and neighborhood charm - plus a quick stop for your morning fix at The Bardo Coffee House. Keep going and you'll land on the Tennyson Street corridor, with its own mix of restaurants, boutiques, and Denver character. It's a rare setup: a private, garden-ready retreat at home, with two of the area's best walkable corridors right at your fingertips.
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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