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6203 Johnson Way
About This Property
The finished basement expands the home's functionality with a generous living space anchored by a classic wood-burning fireplace, ideal for use as a media room, fitness area, or home office. An additional non-conforming bedroom and a recently updated bathroom with a shower enhance flexibility, while a large laundry area and extensive storage add to the home's practicality.
Outdoors, the professionally landscaped and irrigated grounds create a private retreat. An expansive custom-installed concrete patio supports a permanent gazebo, offering an inviting setting for gatherings, while pre-wiring for a hot tub provides added potential. A newly installed storage shed rests on its own concrete foundation, complementing the well-maintained yard with curated plantings, all enclosed by a new privacy fence.
Parking includes a one-car garage with extended driveway and space to accommodate a recreational vehicle.
Additional improvements since purchase include full sewer line replacement, central air conditioning, water heater, and roof.
Set within an established and peaceful neighborhood, the property enjoys close proximity to Olde Town Arvada, known for its vibrant mix of shops, restaurants, farmers market and community events, as well as nearby parks, trails, and convenient access to Denver, Boulder, and the mountains. Walkable favorites such as the Arvada Beer Garden and Corvus Coffee, along with light rail access and an extensive network of biking trails, further enhance the appeal of this exceptional location.
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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