41
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253 Road P-114
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2025 | Sold | ||
| Sold | |||
| Dec 15, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Listed by Kentwood Real Estate Cherry Creek | $575,500 | |
| Listed by Kentwood Real Estate Cherry Creek | |||
| | |||
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Discover a true mountain sanctuary with this beautifully crafted home set on 2 serene acres. This property is more than just a home; it's a retreat from city life, offering unparalleled privacy and the calming beauty of nature. With 3 bedrooms, 2 bathrooms, and 2,100 square feet. This residence is ideal for those seeking both comfort and a connection to the outdoors. Designed with horse enthusiasts in mind, the property includes secure, fenced grounds with an electric gate, ensuring both privacy and the safety of your animals. The spacious land and well-planned layout provide ample space for riding and relaxation, creating a unique blend of practicality. The rustic log exterior enhances the home's warm and inviting appeal, seamlessly blending with the scenic mountain backdrop. Additionally, the flexible upstairs layout offers income-generating potential by creating a private guest suite - ideal for short-term rentals or private accommodations. A detached, oversized garage offers ample storage and parking, while recent upgrades, including a new generator, updated electrical, a Class 4 impact-resistant roof (installed 3 years ago), and a newly serviced well pump, ensure reliable utility support-crucial for mountain living. This home is perfectly equipped to handle all the demands of mountain living with ease and comfort. Embrace the balance of rustic charm and modern convenience in this captivating mountain retreat - a unique property that combines natural beauty, functionality, and financial opportunity.
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| Aug 13, 2024 | Relisted | $585,000 | |
| Relisted | |||
| Aug 13, 2024 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017