3497 Grape Street, Denver, CO, USA
Location data pendingFair
62/100This deal is below average. Watch that the price sits above market monthly cash flow is negative.
- Strong neighborhood (74/100)
- Priced 76% above market
- $1,361/mo negative cash flow
- Cap rate only 2.38%
- No equity after repairs
Price vs. Market
ARV Assessment
Based on 3 recent sales within 0.5 miles, comparable single family homes of similar size traded between $346k and $446k. The subject's 2,148 sqft and 4bd/1ba layout supports a midpoint estimate of $398k.
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Property presents in cosmetic condition. Estimated rehab of $6k covers paint, flooring, and fixtures.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.
Rental Income
Median area rent is $4,400/mo based on 15 comps. Standard deviation $922/mo indicates varied pricing in the area.
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Based on 15 comparable rentals within 5.0 miles of similar houses, monthly rents range from $3,250 (25th percentile) to $5,000 (75th percentile), with a median of $4,400.
Median + 25th/75th percentile of comparable Realtor.com rentals within 5.0 miles. Standard deviation: $922.
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