5531 Dearborn Street
About This Property
Upon entering, you will immediately appreciate the home's warm and inviting atmosphere. The living room features beautiful hardwood floors and plenty of natural light, making it the perfect place to relax or entertain guests. The adjacent kitchen is fully equipped with modern appliances and ample cabinet and counter space. Down the hall, you will find two generously sized bedrooms, each with its own closet and plenty of natural light.
The home also includes a finished basement, which provides plenty of additional living space and could easily be used as a family room, home office, or even a guest suite. The primary bedroom, currently located in the basement, boasts a private en suite bathroom, complete with a large vanity and shower.
Outside, the expansive backyard is perfect for outdoor entertaining, gardening, or simply relaxing in the Colorado sunshine. The new homeowners will also enjoy the FULLY PAID-OFF solar panels, tremendously lowering their summer and winter utility bills. Within the walls, the home includes a new electric box, insulation in the walls and attic, and updated wiring in the kitchen and upstairs bathroom
Located just minutes from local parks, excellent schools (school choice through Denver Public Schools - Far Northeast Enrollment Zone), and shopping, this home offers the perfect combination of suburban tranquility and urban convenience. Don't miss your chance to make this wonderful property your new home!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2023 | Sold | ||
| Sold | |||
| Mar 16, 2023 | Listed by Nash & Company | $399,900 | |
| Listed by Nash & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017