20906 Horse Bit Way
About This Property
Inside, mountain character meets modern comfort with cherry hardwood floors, solid alder doors, and large windows that fill the home with natural light. The kitchen blends style and function with granite counters, slate accents, cherry cabinetry, a 5-burner gas cooktop, and a microwave that also functions as a convection oven and air fryer. A reverse osmosis filter has been added under the kitchen sink. The main level offers both formal and casual living spaces, a private office, and a laundry room with a walk-in pantry.
Upstairs, the primary suite is a true retreat with a double-sided fireplace, claw-foot tub, and peaceful mountain views. Three additional bedrooms share two full baths, including a Jack-and-Jill setup.
The finished walkout basement is ideal for guests or entertaining, featuring a large rec room, office with built-ins, and a private bedroom currently set up as a craft room, along with a remodeled 3/4 bath. Outside, enjoy the hot tub, year-round water feature, and pond.
Three versatile outbuildings provide space for tools, toys, or a workshop. Whether you're enjoying a quiet morning coffee on the deck or heading into town for dinner, this home offers true Colorado mountain living without feeling remote.
3D virtual tour available here: https://www.homes.com/property/20906-horse-bit-way-morrison-co/6dsyc9pje6hef/?dk=jpvt6n99bs9ct&utm_source=sfmc&utm_campaign=Matterport_Now_Live&utm_medium=email&utm_content=cta&tab=1
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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