450 N 9th Pl
About This Property
Desirable location near the Brighton Recreation Center, featuring covered pavilions, play areas, a basketball court, a fishing pond, and a wide variety of sports and recreation programs. BRC, which is undergoing a major expansion and will feature a swimming pool, tennis and basketball courts, playground, volleyball courts, and a separate event space available for private rentals. Additional in the community; walking trails, more parks, schools, and local Boys and girls club. Minutes to Downtown Brighton; Local owned restaurants and breweries, coffee shops, cute local retail shops and AMC movie theater. Easy access to Hwy 76 or Hwy 85... quick drive to Denver. NO HOA and NO Metro District so reasonable taxes
**This home qualifies for the community reinvestment act providing 1.75% of the loan amount with a cap of $7,000 as a credit towards buyer's closing costs, pre-paids and discount points. Property qualifies for CRA with no income restrictions. ** Call for lender information.
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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