4476 Elegant St
About This Property
Arriving to the home you will enjoy the wrap around covered porch overlooking the Open Space and trails. Enter into the 30' entryway to the naturally lit open floor plan. The greatroom has a portable fireplace which will remain and is flooded with Colorado sunshine. Gourmet Kitchen has granite countertops, gas range, table seating, large pantry as well as sliding glass door to the covered deck for grilling and relaxing. The Master bedroom with Jack and Jill bath rounds out the upper floor. The lower level accommodates the second bedroom with full bathroom, a flex space, laundry closet, storage and your direct entry from the garage. Outdoors you have another covered patio, private driveway, fenced backyard with an HOA approved dog run and doghouse/storage.
This community boasts The Grange and Taft clubhouses with fitness center, pools, Cultural Arts Center, and community events. Nearby local walking trails and minutes to downtown Castle Rock, Outlet Mall and Hospital.
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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