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9704 Derby Way
About This Property
Unlike many homes in The Pinery, this property sits on a full two acres-offering rare privacy, usable outdoor space, and room to enjoy Colorado living. The peaceful setting is part of what makes The Pinery so special, with minimal street lighting that allows for incredible star-filled Colorado nights.
Major exterior improvements include roof, siding, gutters, and premium windows and doors, enhancing both efficiency and curb appeal. Recent upgrades provide peace of mind with a new high-efficiency HVAC system with central A/C, humidifier, tankless Rinnai water heater, water softener, updated skylights, new carpet, and updated lighting.
The kitchen features granite countertops, custom cabinetry, GE gas range, newer dishwasher, pantry with sliding shelves, and a sunny breakfast nook with skylight. The adjacent family room centers around a brick fireplace, while the dining area features a beautiful chandelier.
Outdoor living shines with a new Trex deck, multiple patios and balconies, private fenced yard, hot tub, storage shed, and charming chicken coop, creating a perfect setting for relaxing or entertaining.
The spacious primary suite offers vaulted ceilings, a private balcony, walk-in closet, and an updated bath with double vanity and freestanding soaking tub. Additional bedrooms offer flexibility for guests, offices, or hobbies, with several providing direct outdoor access.
All just minutes from Parker's shops, dining, golf, and trails while enjoying the peaceful acreage lifestyle that makes The Pinery one of Parker's most desirable neighborhoods.
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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