28
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261 Mount Bailey Dr
About This Property
The main floor features an open-concept layout that seamlessly connects the kitchen, dining, and living areas-perfect for everyday living and entertaining. Large Anderson windows fill the home with natural light, while skylights on the upper level enhance the living room, bedroom, and bathroom with additional brightness.
Step outside and enjoy multiple decks designed to take in the surrounding beauty. Two upper-level decks and a lower deck spanning the length of the home provide ample space to relax, entertain, or simply enjoy the peaceful setting among the aspen trees.
The lower level offers a cozy gas-burning stove, creating a warm and inviting retreat. A spacious laundry room with ample storage adds convenience, while the oversized 2-car garage provides ample space for vehicles, gear, and more.
Recent updates include new appliances, and the home is equipped with high-speed fiber internet-ideal for remote work or streaming. A whole-house generator offers added peace of mind, and the property is fire-mitigated annually.
Set on a scenic lot with privacy and natural beauty, this home offers the perfect balance of mountain tranquility and modern comfort, all within easy access to Highway 285 for commuting to Denver.
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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