11841 Rangeview Cir
About This Property
Outside, the Sellers have created the perfect rural retreat. Picturesque private sitting areas are designed to take in each of the 360 degree views, with shady spots for summer reading and sunny ones for basking in the southern Colorado sun. A custom stone patio is the crowning touch in a fenced backyard that features stone walkways, xeriscaped garden areas with sprinkler irrigation, raised beds and a stylish greenhouse. The property is on an augmented well allowing outside watering. A new (2019) detached garage pairs an oversize RV bay with a 2 car heated, insulated garage and workshop space; sliding glass doors lead to a stamped concrete patio and additional seating areas to enjoy yet more of the endless views. Get ready to make yourself at home, because you'll never want to leave!
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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