5382 W 116th Cir
About This Property
This home has been thoughtfully maintained and continuously updated, reflecting pride of ownership throughout. Major improvements include newer garage door and hot water heater, oversized A/C, whole-house fan, radon mitigation system, sump pump, insulated crawlspace with vapor barrier, sprinklers and drip system front and back, and fiber internet at the street. Ideally located within walking distance to trails, parks, daycares and top-notch schools, and just minutes to the recreation center, shopping and Front Range Community College. ***Please note, the shower in the newly finished basement will be completed within the next 30 days. All inspections have passed.***
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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