48
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8677 E Otero Cir
About This Property
Step inside to soaring vaulted ceilings, abundant natural light, and a warm, inviting layout. The main floor feature gleaming hardwood floors. Kitchen features high-end cabinetry, granite countertops, and exceptional storage space-perfect for everyday living and entertaining alike.
Enjoy your morning coffee on the lovely deck just off the kitchen, or unwind on the lower-level covered porch overlooking the expansive, professionally landscaped backyard-a true retreat with plenty of room to relax, garden, or play.
The home also offers a versatile loft ideal for a home office or reading nook, and three fireplaces that create cozy ambiance throughout. The walk-out basement provides extra living space for guests, recreation, or a second home office.
Major systems have been thoughtfully updated: Furnace & Humidifier - 2019, Air Conditioner - 2022, Water Heater - 2024, Class 4 impact resistant roof.
Lovingly cared for by a meticulous owner, this home is located in one of the most sought-after neighborhoods in the South Metro area Come live the Willow Creek Lifestyle! With 23+ acres of greenbelts, you'll have plenty of space for outdoor walks or runs. Enjoy fantastic amenities including 2 community pool, 2 clubhouse 2, and tennis courts. This home is also a short distance of the award-winning Blue Ribbon Willow Creek Elementary and is part of the acclaimed Cherry Creek School District. The community hosts events like a Garden Tour, Easter Egg Hunt, Food Trucks, Doggie Swim, Home Tour, Santa Day, and more! Located close to Park Meadows Mall, grocery stores, restaurants, and shopping-with easy access to I-25 and C-470.
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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