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8475 Quay Dr
About This Property
This property has been used as a cash flowing airbnb property, making ~$115k gross in 2025. Short term rentals are allowed in the area, so this would be a perfect pick for an investor looking for a turnkey property with strong historical revenue, or for a primary residence buyer. All furniture can be included in the sale, if preferred.
Lake Arbor is a peaceful, family-friendly neighborhood known for its namesake lake, golf course, parks, and trails - and this home sits right in the heart of it. Lake Arbor Park features a 1.1-mile paved path around the scenic 37-acre lake, a playground, picnic areas, and fishing for bluegill, catfish, and bass. The neighborhood is also home to Lake Arbor Golf Club, and convenient to shopping centers along Wadsworth Boulevard. The neighborhood hosts beloved annual events including an Easter Egg Hunt, Pool Party, and Fall Festival. With easy access to Olde Town Arvada, Red Rocks Amphitheatre, and Downtown Denver, this location truly puts the best of the Front Range at your doorstep.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 5, 2026 | No longer available | - | |
| No longer available | |||
| Sep 4, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 3, 2026 | Price Decreased |
$799,999
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Jun 20, 2026 | Price Decreased |
$820,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| May 25, 2026 | Price Decreased |
$840,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017