234 Bailey Dr
About This Property
Inside, you'll find beautifully updated bathrooms, a spacious kitchen with stainless steel appliances, and a mix of oak hardwood, laminate, and carpet flooring. The lower level offers a cozy wood-burning stove, abundant storage, and flexible living space. A detached shed provides room for tools, outdoor gear, or your next creative project.
Relax around the outdoor fire pit under starry skies, or take advantage of nearby Pike National Forest and the North Fork of the South Platte River for hiking, fishing, and adventure. Just minutes from US Hwy 285, this peaceful escape offers the best of mountain living with an easy commute.
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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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Price Decreased |
$615,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Jul 8, 2025 | Price Decreased |
$630,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| May 23, 2025 | Listed by Coldwell Banker Realty 54 | $640,000 | |
| Listed by Coldwell Banker Realty 54 | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017