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6984 S Spruce Dr
About This Property
Ideally situated just minutes from I-25, C-470, and the Denver Tech Center, providing convenient access to shopping, dining, coffee shops, and everyday amenities along Arapahoe Road and nearby retail destinations.
Inside, spacious living and dining areas are filled with natural light. The kitchen features white cabinetry and barn-style doors that add warmth and character. Upstairs, the primary suite includes an en-suite bath and dual walk-in closets. Two additional bedrooms and a full bath complete the upper level.
The unfinished basement offers excellent potential for future expansion, storage, or customization. The private backyard includes a large deck, patio, storage shed, and mature landscaping-ideal for summer barbecues, outdoor dining, gardening, or relaxing evenings. Additional highlights include RV parking and an oversized 2-car garage.
Enjoy comfortable indoor living with convenient access to trails, parks, commuter routes, and year-round Colorado recreation.
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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