11425 County Road 197
About This Property
Set on just over an acre, this cozy and peaceful retreat boasts breathtaking views of the Collegiate Peaks. The home has been extensively updated with a brand-new kitchen featuring new appliances, countertops, and cabinets, new carpeting, an updated bathroom, new electrical including box, a new hot water heater, and newer windows. This property offers ample space to construct a garage, an accessory dwelling unit (ADU), or both. Alternatively, there's the potential to build a larger main house, transforming the existing home into an ADU.
Adding to its appeal, the property includes three detached buildings with electricity, two of which are perfectly suited for a home office, art studio, she-shed, or man cave. The inviting front porch is the perfect spot to soak in the incredible mountain views.
Priced perfectly for a first-time buyer or anyone looking for an affordable mountain escape, this home offers the perfect opportunity to enjoy everything Chaffee County has to offer-skiing, hiking, hot springs, and endless outdoor adventures. Don't miss out-schedule your showing today!
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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 19, 2026 | Price Decreased |
$350,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
| Oct 25, 2025 | Price Decreased |
$399,900
↓ $100
(0%) | |
| Price Decreased | |||
| Sep 19, 2025 | Price Decreased |
$400,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$410,000
↓ $25K
(5.8%) | |
| Price Decreased | |||
| Apr 25, 2025 | Price Decreased |
$435,000
↓ $15K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017