6480 Garrison St
About This Property
A spacious back yard serves as a private oasis-complete with an expansive deck, hot tub, grill, and lounge space ideal for both quiet mornings and lively gatherings. The outbuildings are setup as a fun forward game room with a ping-pong table, arcade game, dart board, horseshoes, and cornhole and a cozy lounge with room to relax and enjoy.
Looking for a fantastic opportunity to house hack or invest? There is a lot of flexibility with this property, it is well suited to be a primary residence, short term or long term rental, or re-develop and build a new home. The property is currently used as a super fun STR destination with 4 beds, the garage is setup as a movie room and the outbuildings house a game room and extra private lounge area. Monthly STR income is typically $3500-5000 per month. The furnishings and finish package are available for separate purchase if you want a turnkey STR rental property or just love the design!
Conveniently located just 5 minutes from Old Town Arvada, 20 minutes from world-famous Red Rocks Amphitheater and 15 minutes from downtown Denver, this home offers easy access to outdoor adventure, dining, shopping, and culture. Plus, the nearby light rail station makes getting around the city a breeze. Do not miss out on the lifestyle and investment opportunity this special property has to offer.
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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