Considering renting out a home you have in the Central Park neighborhood of Denver but not sure what it would rent for?
Maybe it’s a rental property you’ve owned a while but you’re just not sure your rental rate is appropriate. Or maybe you’re just considering renting out your current home to keep it as an investment when you move to the next one. Or, maybe you’d like to sell but haven’t been able to given the slow down in the real estate market (some of our clients are in this boat). Good news… we made the Central Park Rental Rate Cheat sheet for you!
At Focus Real Estate Property Management, along with our sister real estate brokerage Focus Real Estate, we are committed to helping people buy, sell and manage their properties in and around the neighborhood (within a 15 minute drive).
When we talk to homeowners who potentially want to rent out their home one of their first questions is naturally “What would my home rent for?” Of course, the exact answer is specific to a lot of factors; the time of year, the availability of other similar rental homes, the finish level of the home, the location of the home, the bedroom/bath count, the layout and more!
That said, there are still general ballpark rental rates that we can provide to Central Park homeowners that will at least help them zone in on the likely rental range for their type of property.
Central Park Rental Rate Cheat Sheet:
Before we give you the Cheat Sheet we want to explain a few things about it so you have the right expectations.
The Cheat Sheet will show you how much your home would likely rent for as well as the ballpark purchase price you’d have to pay for that home (this will evolve over time and we’ll do updates).
It’s broken out by property type and includes likely rents for carriage homes (also called a “mother-in-law” apartment which is typically over a garage), small/large condos, small/mid/large/luxury townhomes, small/large paired homes, and small/mid/large/luxury single family homes. It will also show you likely bed count, sf range, garage size, and likelihood of having a basement, all broken out by property type.
On the right side of the cheat sheet for every property type I put links to example properties in that category. Seeing a spreadsheet with sf, bed count etc. is one thing, but the links will really help you envision the types of properties in that category.
The rental rates in this Cheat Sheet assume the home is in good condition, is unfurnished and would be available for lease in ~ 12 month increments and the tenant pays all utilities. In short, these are long term rental rates, not short (night by night Airbnb) or mid-term (30/60/90 day) rates. Those would be higher.
So, if you’re considering renting out your home in Central Park you may want to start with the Cheat Sheet. If it looks like the ballpark rental rate ranges would be appealing to you, and you’d like some assistance, the next step would be to schedule a call with us! We’re neighborhood experts and our company is laser-focused on serving the housing needs of Central Park residents. We would meet with you, help you assess your cash flow from the property, determine any repairs that need to be made and help you prepare the home for marketing.
You can see what’s specifically included in services and the pricing right here on our pricing page.
Reminder to Denver landlords – you need to get a Denver rental license by 1/1/24. You can learn more in this blog post, and we’ll handle it for you at no extra charge if you use us for property management.
Hopefully you find the Cheat Sheet below helpful. If you need help with a real estate need my contact info is at the end of the post or you can schedule a call using the orange button below. I help busy people in and around Central Park with their housing decisions, whether they want to buy, sell, rent or need help managing a property.
Central Park Rental Rate Cheat Sheet
(Viewing on mobile? Click the “Download” button below the PDF for best results)