35
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8717 Lamar Cir
About This Property
Exquisitely remodeled home including new flooring throughout, Chef's dream kitchen with beautiful shaker cabinets, pull out shelves, and soft close doors and drawers.
The main floor features a formal dining room, living room, large family room with a brick wood burning fireplace, a powder room, and beautiful oak hardwood flooring throughout the main level and stairs. Brand new lighting package, brand new luxury bathroom and kitchen fixtures. Oversize corner lot. Enjoy the sprawling backyard with concrete patio and apple tree perfect for entertaining and summer BBQs.
The Lake Arbor neighborhood is highly desired with all of its amenities: a large park, a 1.25 mile walk around the lake, playground and basketball courts, tennis courts and hidden walking trails. The neighborhood also has a swimming pool and low HOA of only $35.00 / year. Easy access to US 36, Sheridan/Westminster Park-n-Ride, Olde Town Arvada, shops, restaurants, and entertainment. Walking distance to new downtown Westminster development.
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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