121 Red Rocks Vista Dr
About This Property
True gourmet kitchen with white Colorado Yule marble countertops, Thermador stainless steel appliances. New lighting throughout, wood plank flooring, dining area wrapped with windows, skylights, open peninsula & sitting area, complete with French doors to large deck and fenced yard - perfect for entertaining any size crowd! Comfortable living room - wood burning fireplace, vaulted wood plank ceilings, large windows, skylight, and walk out to back, tiered deck.
Owner's suite w renovated ensuite - soaking tub with walk in pebbled-floor shower, heated tile floors, dual vanity, multiple cabinets and closets, & skylight. One-of-a-kind views of world-famous Red Rocks.
Main level suite style bedroom with updated full bath - perfect for overnight guests. Additional bedroom w full bathroom also on this level. Laundry room with a view & walk out to back deck, + stairs leading to lower-level entertaining space, additional bedroom w ensuite. Two storage areas, and access to the 3-car garage. Another large bedroom or office with adjoining ensuite and walkout to side yard. A home built for entertaining inside and out as the side deck flows to the grassed backyard. Soak in your private hot tub and take in the stars. Perfect seating area with fire pit on small bluff overlooking Bear Creek, fenced parking area with plenty of room for an RV, & garden area. Nothing left untouched in this spectacular rare find. Walk out the front door and access hiking trails at Mt. Falcon park, Red Rocks. Short bike ride on paved trails to Bear Creek Lake Park only a mile away and connects to C-470 bikeways and Denver bike trail system. Walk to the historic Town of Morrison with restaurants, shops, bars. Rare opportunity to own a home in this close-knit community!
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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