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6003 Miller St
About This Property
Your buyers will love this brick ranch in the heart of Arvada! Beautiful hardwood floors welcome you to the main level, featuring four bedrooms and two bathrooms, including a full bathroom and a private 3/4 bathroom in the primary bedroom. The spacious eat-in kitchen offers granite countertops, a gas cooktop, stainless steel refrigerator, dishwasher, and microwave.
The lower level boasts a generous 26 x 12 family room, two additional bedrooms with egress windows, a half bathroom, and a laundry area with a utility sink. The oversized two-car attached garage includes built-in storage shelves. Enjoy the fully fenced, private backyard with a 20 x 15 concrete patio covered by a beautiful lighted pergola.
Additional highlights include a newer electrical panel, water heater, furnace, roof, and radon mitigation system! Sunrun solar panels were installed in 2019 to help keep utility costs low. Seller is offering $20,000 toward the solar lease buyout; the buyout amount and terms must be confirmed with Sunrun.
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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