2403 Redhill Rd
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2026 | Listed | $63,500 | |
| Listed | |||
| Jun 28, 2025 | Price Decreased |
$79,500
↓ $6K
(6.5%) | |
| Price Decreased | |||
| Apr 17, 2025 | Listed | $85,000 | |
| Listed | |||
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NEW PRICE! Getting ready for summer in the mountains? This 2 acre parcel in Redhill Forest just outside of Fairplay offers the perfect blend of privacy and accessibility! Bring your camper and start enjoying the peaceful serenity right away - the driveway brings you to a large cleared FLAT area to use now and get you once step closer to building your dream retreat! With a fire pit already in place, evenings under the stars will be that much sweeter! Mature Pine trees throughout the parcel can be selectively cleared to provide views to Reinecker Ridge. Appreciate the wildlife in the neighborhood, walk the community trails and explore the open space directly adjacent to the rear of the parcel. Property owners can opt in to enjoy river access along the Middle Fork of the South Platte River for amazing FISHING! When ready to develop, just tap in to the centralized water system - NO WELL needed! HOA maintained roads are a huge bonus for year round access! Electricity is along the road! All of this in central Colorado - 1.5 hours to Denver or Colorado Springs and 45 minutes to Summit or Chaffee Counties to take part in all that the mountain life has to offer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017