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6140 Wright St
About This Property
Step outside to the real showstopper: a generous backyard that backs directly to open space, giving you peaceful, unobstructed views and that rare sense of privacy that's nearly impossible to find in metro Denver. Whether you're envisioning a dream outdoor entertaining space, a garden retreat, or simply a quiet place to unwind, this backdrop sets the stage.
Inside, the layout is solid and the square footage gives you room to work with. Yes, it needs updating - but that's exactly the opportunity here. Sweat equity, a renovation loan, or an investor's eye will go a long way, and in a neighborhood where well-finished homes command strong prices, the upside is real.
Meadow Lake Estates checks all the boxes for location: established tree-lined streets, proximity to Arvada's parks and trails, easy access to I-70 and 470, and the kind of community that holds its value year after year.
Priced to reflect its current condition-bring your vision and your imagination. Homes with open space like this don't come available often. Don't miss it.
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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