7624 Gray Way
About This Property
** Step outside to spacious backyard with fruit trees and grapevines ideal for summer barbecues, gatherings and peaceful evening outdoors. What truly makes this location special is the close proximity to Arbor Lake park, offering a peaceful lifestyle with scenic lake views and walking path nearby. Easy highway access combines convenience, comfort, and lifestyle that feels like a getaway right in the heart of Arvada.
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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