9553 Joyce Way
About This Property
Candelas is a growing and vibrant community located about 20 minutes from downtown Denver. It offers a variety of amenities to its residents, including excellent schools, parks, shopping, dining, and entertainment. The neighborhood is home to a diverse population of families, singles, young professionals, and retirees.
Candelas is known for its beautiful open spaces, such as the Candelas Nature Preserve, which features a variety of hiking and biking trails. The preserve offers an array of wildlife and plant life, allowing residents to explore the outdoors in a safe and scenic environment. Residents also enjoy access to the nearby Standley Lake Regional Park, which offers boating, fishing, swimming, and other outdoor activities.
The community is also home to a variety of businesses, including retail stores, restaurants, and medical services. Additionally, the community is host to several annual events, such as the Candelas Days Festival, which features live music, carnival rides, and other activities.
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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