978 Steele St
About This Property
This home has been renovated in a contemporary manner for today's life style. You enter this home through the private front courtyard to the foyer which opens onto the sunny living room with a gas fireplace and built-in shelves. The updated contemporary kitchen is open to dining room includes granite counters, gourmet stainless appliances with a Wolf gas cooktop, oven, microwave and an Asco dishwasher. Back yard is highlighted by a flagstone patio with a koi pond, gardens and a large deck with a trellis off kitchen. Main floor also includes a secluded bedroom and full marble bath. The vaulted second floor features a generous studio/work space with built-in desk, shelves and cabinets, ideal work from home space for the family. Down the wool carpeted hall leads to dramatic contemporary 5 piece master bath with heated floors, twin vanities and master bedroom overlooking the backyard includes sitting room and gas fireplace, custom built-in cabinets, dressers and walk-in closet. Ideal multi-generational floor plan. Corner location affords privacy and conveniently located to Congress Park, shopping, restaurants, coffee shops on 12th Ave and Cherry Creek North. Basement features a combination rec room/bedroom 3/4 bath, Utility/ laundry room and shop. Additional features of this home include 2 HVAC systems, wired for audio, internet and cable, laundry cabinet and storage cabinets in basement, Electrolux washer and dryer upstairs and in basement.
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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