971 Elm Pl
About This Property
The updated kitchen shines with stone composite countertops, newer LVT flooring, and modern appliances. Entertain in the spacious family room with walk-out access to a covered patio and lush yard filled with mature rose bushes, lilacs, and perennials. The primary suite offers an ensuite bathroom, garden views, and privacy from the secondary bedrooms.
Additional highlights include a new sewer line (2021), updated electrical switches/outlets, and a recent roof repair for peace of mind. Enjoy off-street gated parking with alley access, a fully fenced yard, two storage sheds, and a dedicated laundry/utility room with cabinets and shelving.
Located near Thornton High School, shopping, parks, and trails, and just 25 minutes to Boulder or Denver, this move-in ready home is perfect for those seeking affordable space with workshop functionality in a quiet, established neighborhood.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| May 17, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | Price Decreased |
$479,999
↓ $5K
(1%) | |
| Price Decreased | |||
| Mar 29, 2025 | Listed by RE/MAX Alliance | $484,999 | |
| Listed by RE/MAX Alliance | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017