2226 Ranchero Dr
About This Property
Upstairs, the generous primary bedroom includes a spacious master bathroom and a roomy walk-in closet. Three additional bedrooms and a full bathroom complete the upper level. Outside, the expansive backyard is perfect for outdoor living, with a concrete patio and a pergola-ideal for enjoying your morning coffee or relaxing in the evening. A south-facing driveway offers winter convenience, and the front yard provides lovely mountain views.
The home is priced to account for the unfinished basement, offering potential for added living space and investment value. The main and upper levels are thoughtfully laid out to provide comfortable living space without needing the basement. Recent updates include new gutters and exterior paint (2021), a new HVAC system (2023), and a roof replacement in 2017.
This home provides easy access to I-25 and is conveniently located near shopping, local breweries, coffee shops, and restaurants. The new Santa Fe Trail is just a 5-minute walk away, while nearby Palmer Lake and Monument Lake offer excellent kayaking and fishing opportunities. Plus, this home is in a highly desirable school district. Don't miss the chance to make it yours, and seize the opportunity to benefit from our preferred lender's special offer-a 1-year interest rate buy-down.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Price Decreased |
$615,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Oct 5, 2024 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Sep 11, 2024 | Price Increased |
$650,000
↑ $35K
(5.7%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017