8606 Bluegrass Cir
About This Property
The living areas feel bright and welcoming, with updated ceiling fans and light fixtures throughout, and a cozy fireplace anchoring the main living space. The kitchen offers plenty of workspace and newer appliances, making it easy to settle right in. The upper level includes a private primary bedroom with its own bathroom, along with a Jack-and-Jill full bath serving the additional two bedrooms.
The unfinished, garden-level basement includes a bathroom rough-in and flexible space for future expansion, creating an opportunity to add value and build equity when finished. Outside, enjoy a private back patio with pergola and low-maintenance xeriscaping, ideal for everyday use and entertaining. A fenced yard and attached garage add to the home's functionality.
No HOA. Great location close to neighborhood parks, trails, and open space, including Cottonwood Park and playground, with easy access to the Cherry Creek Trail system. Conveniently located near E-470 for an easy commute to the Tech Center, Denver, and Denver International Airport. Also close to highly rated Douglas County schools, Historic Downtown Parker with its small-town feel, boutiques, and farmers market, plus quick access to outdoor recreation at Cherry Creek Reservoir.
Major systems have been addressed, including a newer furnace and A/C, new paint, new carpet, new kitchen appliances, and the washer and dryer are included. With neutral finishes throughout, this home is move-in ready and offers a great opportunity to settle into an established Parker neighborhood.
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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