16478 Mountain Flax Dr
About This Property
Upstairs, you will find a large primary suite with a walk-in closet and en-suite bathroom with double vanities and an oversized shower. Two additional generously sized guest bedrooms can access the full bath in the adjacent hallway. There is a laundry room upstairs for added convenience of keeping the laundry close to the bedrooms.
Outside, enjoy the meticulously maintained, fully fenced backyard with mesh fencing as well to keep pets contained. The covered patio makes a great place to relax during summer thundershowers while the expanded concrete patio is perfect for a larger outdoor dining table and grill. The professional landscaping enhances the home's beauty with thoughtfully selected plants providing both shade and color.
Located in the peaceful master planned community of Willow Springs Ranch, you will enjoy easy access to I-25, top-rated schools, shopping, and outdoor recreation. This neighborhood offers comfort, convenience, and a true sense of community.
Don't miss your chance to own this corner lot gem in one of Monument's most sought-after areas!
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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 |
|---|---|---|---|
| Jan 9, 2026 | In contract | - | |
| In contract | |||
| Dec 31, 2025 | Price Decreased |
$505,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Nov 28, 2025 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Oct 21, 2025 | Price Decreased |
$525,000
↓ $15K
(2.8%) | |
| Price Decreased | |||
| Jul 17, 2025 | Listed by Price & Co. Real Estate | $540,000 | |
| Listed by Price & Co. Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017