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4285 Choke Cherry Ave
About This Property
Welcome home to this amazing turn key house in the heart of Broomfield. You cannot beat this location. You are walking distance to 2 parks, Mountain View Elementary, and Tom Frost Reservoir open space with miles of trails and nature watching. This welcoming, light filled home features vaulted ceilings, updated kitchen with gas stove, spacious primary bedroom suite with walk in closet, and open floorplan on main floor. Everything has been cleaned and updated throughout the house. The unfinished basement is ready for your customization. The lush backyard with mature trees and landscaping is perfect for enjoying and entertaining on our warm summer nights. Upgraded features: new exterior paint 2022, new hot water heater 2017 and new furnace/ac with humidifier 2020, New Windows/ patio door 2019.
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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