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7235 Arco Iris Ln
About This Property
Welcome Home to Castle Pines!This immaculate move in ready 2 story located in quiet cul-de-sac.Enter into a stunning foyer w/a grand & dramatic spiral stairs w/wrought iron spindles & vaulted ceiling. Gleaming hardwoods & newer carpet on the main level.Main level includes:a formal living and dining room, main floor office & laundry conveniently adjacent to the 3-car attached garage.An open floor plan connects the kitchen & cozy family room w/ gas log fireplace.The gourmet kitchen is a chefs delight & is equipped w/beautiful walnut cabinetry w/many built-ins, abundant storage, SS appliances, double oven, 5-piece gas range, granite countertops/granite island for eat in kitchen if desired as well as ample space for an additional kitchen table.Retreat upstairs to a master en-suite with a 5-piece bath, large walk-in spacious closet & a double-sided fireplace.The large windows provide generous lighting & overlook an open space outback, there are 3 addtl. bedrooms/2 addtl.full baths (one Jack/Jill). A perfect basement space for entertaining include: an additional bedroom, 3/4 bath, family room, great room, theater room (with all surround sound & seating included), a huge wet bar featuring SS refrigerator, dishwasher, granite countertops & extensive storage. Outdoors is an inviting private yard and is perfect space to gather w/ family & friends which has been prof landscaped to include a large stamped concrete patio, newer hot tub, retaining wall, mature trees & vegetation. Additional features: 2 HVAC systems (1 is new as of 2021) 3 car drywalled garage w/epoxy flooring, newer paint, newer carpet, ceiling fans, surround sound w/speakers, Southern exposure for quick snow melt & easy shoveling.Included are:swindow txts, refrigerator, pool table, theatre seating, W/D, hot tub, 7 wire racks in garage, wine barrels, concrete benches, potted flowerpots & hanging baskets. Close to parks, trails, public transportation, shopping & I-25
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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