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1620 Saddle Ridge Dr
About This Property
Inside, the home is as thoughtfully built as the setting deserves. Two-story ceilings in the entry and dining room soar beneath a statement chandelier. Open wood stairs with custom-welded railings anchor the main level, which also features a double-sided fireplace, mechanical window shades, and a custom mud and laundry room off the garage-functional where it counts. The primary suite earns its title: vaulted ceilings, a massive walk-in closet, a waterfall shower, soaking tub, and a private deck with views that remind you exactly why you moved to the mountains.
The lower level is the home's best surprise. A walk-out patio sits beneath the main deck, and the interior delivers a full kitchenette and bar-floor-to-ceiling stone tile, waterfall butcher block counters, stainless steel sink, beverage fridge, and a three-tap kegerator. Five bedrooms plus a dedicated office and four bathrooms round out a floor plan that works as hard as it impresses.
Fully owned solar keeps costs in check year-round. Recent extensive tree removal work improves both the views and the insurance picture. This home sits on 2.36 acres on top of Floyd Hill-complete with public road access and Evergreen's staying power.
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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