1222 Meadow Mountain Dr
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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Feb 21, 2026 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | No longer available | - | |
| No longer available | |||
| Oct 3, 2025 | Listed | $50,000 | |
| Listed | |||
| | |||
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Discover the perfect blend of rugged beauty and modern convenience with this land bordering National Forest to the east -- a haven for outdoor enthusiasts. The property features a cut-in driveway and building pad, plus a 10x12 shed, ideal for gear storage. Enjoy 200 Amp electrical service at the road, including two 30A outlets -- perfect for RVs or future development (approx $6k improvement). An HOA-approved firepit is already in place and can be recertified by new owners. Most of the fire-damaged timber has been cleared, opening up the land for fresh possibilities and panoramic views. A builder and architect have both confirmed the soil should support a conventional septic system, and the seller has verified with the HOA and County that a standard perc test should suffice. Water access is flexible: owners can fill up at no cost from designated stations or opt for delivery to a cistern for a fee. Whether you're parking your camper for up to six months or planning a permanent retreat, you'll enjoy fishing ponds, miles of scenic trails, and year-round access via plowed roads w/HOA-maintained grading. Additional amenities include RV dump stations, water fill-up points, and trash drop-off, making off-grid living refreshingly convenient. This isn't just land -- it's your launchpad for adventure, tranquility, and the Colorado lifestyle.
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| Sep 15, 2025 | Price Decreased |
$54,000
↓ $4K
(6.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017