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8500 Clara Belle Dr
About This Property
The heart of the home is an open-concept kitchen renovated in 2022, featuring bar seating, subway tile, and newer stainless steel appliances installed in 2024. Flow effortlessly into light-filled living spaces or retreat to the four-season sunroom, where a wood-burning stove provides the perfect ambiance. The primary suite serves as a private sanctuary, boasting brand-new carpet and a spa-inspired bathroom featuring custom tilework. Throughout the main level, beautiful hardwood flooring and updated paint throughout create a crisp, contemporary aesthetic.
Step outside to an entertainer's paradise. The backyard features professional hardscaping that surrounds new sod, newer sprinklers (2023), and a custom gazebo equipped with a built-in bar and TV mount-ideal for weekend BBQs. The front yard was recently hardscaped for maximum curb appeal with virtually no maintenance. Storage is a standout feature, headlined by an oversized 2-car garage with a built-in workbench and rare rafter storage-plus a backyard shed for additional gear.
Beyond the aesthetics, the mechanical upgrades offer total peace of mind: a new main sewer line, central AC, and radon mitigation system (all 2025), alongside a newer washer/dryer (2022) and furnace (2021). Ideally located within walking distance of Olde Town's vibrant shops, dining, and light rail station, this home offers rapid I-70 access for mountain adventures and is just five minutes from major retail hubs like Costco and Home Depot.
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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