16885 Reata Rd
About This Property
Colorado! Give yourself the chance to experience the pastoral feeling of owning 5 treed acres. Space to create your own
oasis of peacefulness and still be within minutes of amenities! Not only has the home been immaculately maintained, the
property is fully fenced with an automated, gated entrance. The expansive, oversized garage allows for ample room for
storage of vehicles, equipment and even a workshop. RV and trailer storage is also permitted. Enjoy a morning cup of coffee
on the covered front porch or afternoon cocktails on the back deck. From the moment you walk in the front door, you
experience the flow of a very open floorpan which showcases vaulted ceilings, glossy hardwood flooring throughout the
main level, troweled walls, custom trim and upscale finishes. Entertain guests in this amazing "chef's" kitchen complete
with commercial style gas range, pot filler, stainless steel appliances, huge walk-in pantry and butler's pantry connecting
kitchen to spacious dining room. Take the party to the lower level for those Sunday afternoon game days. Media area has
lots of room for seating, pool table and large screen TV. Turn key, wet bar is one of a kind. Two additional, lower level
bedrooms are perfect for guests with Jack and Jill bath that adjoins. Plenty of storage! Private, main-level master suite
showcases dual vanities, walk-in closet, beautiful walk-in, spa shower and jetted soaking tub. Secondary main-level
bedroom easily flexes to office. Special extras include custom crafted staircase with wrought iron balusters, copper
hammered sinks, tongue in groove ceiling on covered back deck area, full-size refrigerator in pantry, accessible entry from
garage to large mud/laundry area with additional access to back deck and automated sprinkler system. This is a one-of-akind
opportunity to own a small slice of true Colorado!
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Cap Rate Calculator
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