450 Elm St
About This Property
Inside, an eat in kitchen with a peninsula opens to a bright dining room and a comfortable great room anchored by a gas fireplace and classic bay windows. A second living room with sliding glass doors creates an easy connection to the backyard, making everyday living and entertaining feel effortless. Two bedrooms and a full bath complete the main level.
The lower level offers flexibility with a spacious primary or guest suite featuring a fireplace, walk in closet, and full bath, along with a dedicated home office and generous storage room.
Outside, mature trees, fresh landscaping, and a charming patio with cafe lights create a welcoming space to enjoy Colorado evenings. A gated driveway leads to a three car garage with custom storage and an oversized garage door.
Hilltop offers a true neighborhood feel with everyday conveniences just moments away. From morning coffee and local favorites at 9th & CO to nearby parks, Rose Medical Center, and Cherry Creek, this location brings together the best of Denver living.
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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