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6518 Estes St
About This Property
3 bedrooms and 2 bathrooms on the main level and a beautiful and bright office/crafts room peering over the front yard. Large master suite with vaulted ceilings. Walkout basement with access has an open design for a game room or in-law suite. 3/4 bathroom with large shower keeps guests out of the main living areas and current music studio could be a bedroom with its own entrance. Sound insulated for music, social media or podcast studio. Spacious yard with mature trees provides the right amount of shade for enjoying the backyard at any time of day. BBQ by day and dance party by night on the new stamped concrete patio! Brand New Windows in 2020!
20 minutes to downtown Denver, 10 minutes to Red Rocks, 30 minutes to Boulder and 3 minutes to your favorite neighborhood restaurants and watering holes. Majestic View Park is 3 blocks away, light rail nearby, and trails are all around. This property location gives you the best of all worlds. Quiet and quaint with all of your needs just minutes away. Only one mile to Olde Town Arvada and all of the shopping conveniences you could ever need.
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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