2046 Falcon Dr
About This Property
The experience begins the moment you step through the front door into an expansive open floor plan defined by soaring ceilings and abundant natural light. The interior feels brand new, featuring fresh paint and plush new carpeting throughout and stunning hardwood floors redone in 2025. The kitchen is equipped with an island and flows into a living area complete with a fireplace for maximum comfort. A dedicated main-floor office provides the ideal private sanctuary for the modern professional.
On the upper level, the home reveals a well-designed layout where four of the six bedrooms reside. The primary suite serves as a true retreat with vaulted ceilings, a massive walk-in closet, and a five-piece ensuite. Additionally the upper level includes one bedroom with its own private ensuite and two additional bedrooms connected by a Jack-and-Jill bathroom. There is also a fully finished basement, completed in 2020, which houses a large 6th bedroom with its own walk-in closet. The spacious bathroom has designer finishes. This level is supported by a dedicated electrical subpanel giving the owner flexibility in future upgrades.
The home has recent infrastructure investments, including a new roof installed in 2022 and a water heater installed in 2020. The backyard has garden beds and a well manicured lawn. Situated directly across the street from a trail that leads straight to the shores of McIntosh Lake, and within the Hygiene Elementary boundary, this property captures the Colorado spirit. With easy access to Highway 66, you are positioned for a quick commute to I-25 or a spontaneous weekend escape into the mountains of Lyons and Estes Park.
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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