9666 W 56th Pl
About This Property
The living space extends to the backyard, with a large, covered stained-concrete patio perfect for morning coffee or twilight dinner with friends. The yard has custom landscaping with mature gardens and raised garden beds. The additional bonus is the oversized 2 car detached garage with plenty of space for your Colorado recreational gear. Trips to the mountains and commuting are a breeze with I-70, I-25, and two light rail stations just minutes away. A paved bike path is less than two blocks away, with access to many local parks. Close to Olde Town Arvada, with shopping, unique restaurants and bars, and a light rail station, is a mere 25-minute walk away.
This home is equipped with all new mechanicals: each the heater furnace, air conditioner, and hot water heater were replaced within the last three years.
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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