1577 First Light Dr
About This Property
**OPEN HOUSE Saturday, July 18! Mark your calendars!!** BRAND NEW CARPET installed 7/9/2026!!!
Enjoy the exceptional lifestyle that RainDance is known for, with access to resort-style amenities including the RainDance River Resort featuring a lazy river, pool, and water slide, miles of scenic trails and greenbelts, neighborhood parks and playgrounds, community events, golf, and on-site dining. One of Northern Colorado's most sought-after communities, RainDance offers a unique blend of recreation, convenience, and connection.
This inviting 3-bedroom, 2-bath Ranch is designed for comfortable living and effortless entertaining. The open floor plan features vaulted ceilings, abundant natural light, and a spacious kitchen complete with a large island, pantry, and seamless flow into the living and dining areas.
The private primary suite offers a relaxing retreat with a walk-in closet and en suite bathroom, while two additional bedrooms provide flexibility for guests, a home office, or growing households. The dining area features a sliding glass door that opens to the deck and private backyard, creating the perfect setting for outdoor dining, entertaining, or simply enjoying Colorado's beautiful weather. An unfinished basement provides excellent storage and future expansion potential, while the attached 2-car garage adds everyday convenience.
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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