1120 Meadowlark Dr
About This Property
The updated home features a remodeled kitchen with cherry cabinets, plywood cabinet boxes, soft-close hardware, organizational upgrades, quartz countertops, and engineered red oak hardwood floors. Recent improvements include new Hardie siding, roof, skylights, insulated garage doors, water heater, remodeled bathrooms, new carpet, updated doors, and extensive patio and landscaping upgrades.
Outdoor features include a barn with water, loafing shed, powered secondary shed, climate-controlled outbuilding/kennel, apple orchard, basketball court, invisible electric dog fence, and a heated garage with gas taps available for future upgrades. The property is also plumbed for a future freestanding tub in the primary suite.
This property offers the perfect combination of peaceful country living and quick access to schools, shopping, the Berthoud Recreation Center, TPC Colorado, Carter Lake, and Colorado's premier bike park. The property itself backs to Loveland Reservoir, the future site of Richardson Park. Make sure to set up some chairs on the basketball court in July for the best view in town of the Berthoud fireworks.
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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