1227 Highpoint Cir
About This Property
Multiple outbuildings, gazebo and landscaping offer a perfect setting for privacy and a sense of seclusion. The largest shed (10' x 20') has overhead storage, power and is currently used for hobby/craft workspace. Dog friendly, fenced for FIDO and doggie door. YOC = 1997. This is a manufactured home (see plate in photo's). 5G avail from T mobile, internet with USA communications, nat gas from CO Nat Gas Co. United Power for electric. EZ front range commute on paved state highway(s). 20 minutes to Eldora to ski. Non motorized boating and fishing on private Dory Lake. National Forest access for hiking across SH 119 (5 minutes). Dory Lakes Property Owners Association (DLPOA) is active. See dorylakes.org for covenants, by-laws and general info, live cam. Buyer to verify all measurements and info.
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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