7688 Newman 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 14, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by Your Castle Real Estate Inc | $765,000 | |
| Listed by Your Castle Real Estate Inc | |||
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Welcome to this stunning fully remodeled home in central Arvada! Boasting a spacious open floor plan across four levels, this home features four beds, three baths, including a primary suite with an en-suite bath and walk-in closet. The modern kitchen is equipped with an island, quartz countertops, black stainless appliances, and a pantry. Enjoy entertaining in two living areas, one with a wood-burning fireplace and wet bar with wine fridge. The lower level offers a separate entry, ideal for an ADU, Airbnb opportunity or mother-in-law suite. Situated on a 1/4 acre lot with professionally landscaped front and backyards, including a fully fenced expansive backyard with a covered patio. Additional highlights include a two-car garage with an underground pit, newer boiler, swamp cooler, and hot water heater all replaced in 2020, as well as newer windows, sewer line, and electrical panel all replaced in 2018. Located in a great school district with easy access to mountains, Boulder, downtown, and Olde Town Arvada amenities, this home is a must-see!
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| Jul 30, 2018 | Sold | ||
| Sold | |||
| May 14, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017