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5265 S Cathay Way
About This Property
Step outside to an impressive outdoor retreat with a custom louvered pergola, complete with built-in lighting and dual heaters-perfect for year-round enjoyment. The home features original hardwood flooring in the kitchen and natural stone tile in the main-level hallways. The primary suite includes a remodeled bathroom and custom Elfa closet systems, which continue throughout the home. The basement includes a partially finished space ideal for a media or flex room, plus generous storage space.
Major updates include a new concrete, stone backyard patio and pergola (2021), full exterior painting (2022), top-of-the-line A/C, furnace, water heater (2023) and freshly painted interior with stylish accent wall and updated high-end carpet (2024).
Located on a quiet street, the home offers proximity to parks, greenbelts, a half basketball court, Smoky Hill Library, and Aqua Vista Pool. This is a well-maintained and versatile property with quality finishes and excellent access to neighborhood amenities-all within the renowned Cherry Creek School District.
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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