226 Pine Cone Way
About This Property
Discover the perfect blend of comfort, privacy and year-round accessibility in this beautifully maintained mountain home tucked among the pines in the sought after Valley of the Sun. This inviting 3-bed 2-bath residence offers thoughtful upgrades throughout, a versatile bonus room and walkout lower level that expands your living space. Step inside to an open, welcoming layout with warm finishes and window that frame the surrounding forest. The spacious deck is ideal for morning coffee, evening sunsets or entertaining friends while taking in the peaceful mountain setting. The 1-car garage is a rare convenience in this area - perfect for storing gear, tools, or keeping your vehicle protected through the winter. The property sits on a lovely, treed lot with easy year-round access on county-maintained roads, making it an excellent full-time residence, weekend getaway or rental income opportunity. Close by adventures include hiking 14ers, world class fishing, jeep touring and peaceful walks in the abundant forest. The home is located only 10 minutes from the historic mining town of Fairplay for a complement for amenities, 35 minutes to Breckenridge for world class skiing/resort fun and about an hour and a half to Denver. This could be the perfect opportunity to own the mountain home of your hopes and dreams.
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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