680 Drake St
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Apr 21, 2024 | In contract | - | |
| In contract | |||
| Apr 19, 2024 | Listed by LIV Sotheby's International Realty | $425,000 | |
| Listed by LIV Sotheby's International Realty | |||
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Welcome to Sherrelwood Estates nestled in the Northern Denver area. This is a great opportunity to own a corner lot in an established area. Home has great bones and is ready for your renovation ideas and charm. Sweat equity included with lots of homes selling in the high 400's to low 500's. Almost 1800 square feet of living space with 3 beds and 2 baths, this would be a great starter home or investment opportunity. All appliances stay and kitchen appliances are all newer including the gas range. The main bedroom is extra large with French doors leading to an oversized deck. Plus, access to the full bath. The park-like backyard is ready for landscaping and the outdoor activity possibilities are endless. Home is located near highways, Denver, parks, restaurants, the Boulder Turnpike and so much more. This is definitely a property worth considering for your next move. Don't miss out on this fantastic opportunity in a great location.
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| May 27, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017