112 Canyon Vista Ln
About This Property
The property is perfectly situated for a multitude of outdoor activities: hiking, biking, swimming, climbing, and easy access to I-70 and the mountains. The neighborhood has its own trail access to Mt. Falcon, and there are many miles of additional trails in nearby Red Rocks, Mt Morrison, Mt Glennon, and Bear Creek Lake State Park - all within walking distance from the front door. Soda Lakes is less than two miles away and easily accessible by bike; it offers some of the most popular beach swimming and paddleboarding on the Front Range. Downtown Morrison hosts popular bars, coffee shops and restaurants such as the Hungry Goat and Tony Rigatoni's and is less than a 10-minute walk.
The property includes an open front yard that looks right at Red Rocks, as well as a shaded backyard with dozens of vegetable and flower beds. Perennial plantings include asparagus, raspberries, oregano, lavender, and a variety of wildflowers. There is an installed drip irrigation system which services over twenty garden beds and several rain-barrels that work great for watering fruit trees and berry brambles.
Wildlife abounds in the area, including deer, bobcat, coyotes, and fox. The former owner documented over 60 bird species on the property, including Great Horned Owls, American Kestrels, Lazuli Buntings, Western Tanagers, and three species of hummingbirds.
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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