This renovated 4-bedroom property in Denver's Rosedale neighborhood presents strong rental potential with estimated monthly revenue between $3,200-$3,500, aligning with the area's average rent of $3,000 for single-family homes. With Denver's rental market showing moderate cooling (average rents at $1,819 metro-wide), this property stands out with its separate basement unit featuring private entrance and kitchenette - perfect for dual rental income streams. The property's location near South Broadway, University of Denver, and Porter Hospital makes it particularly attractive for medium-term rentals. Based on purchase price of $649,900, the annual rental yield would be approximately 6-6.5%, with a payback period of roughly 15-17 years.
To maximize rental potential, consider marketing the property as two separate units - main floor and basement - to potentially increase total monthly revenue to $3,600-$3,800. The basement's separate entrance and kitchenette make this particularly viable. Highlight proximity to Porter Hospital for medical professionals seeking medium-term housing. For the current owner considering selling, the recent $35,000 price reduction aligns with Denver's cooling market, but the property's dual-income potential and prime location should be emphasized as key selling points that differentiate it from typical single-family homes in the area.