2854 Shoshone Trl
About This Property
The main floor features an open floor plan with hardwood floors, high ceilings, large kitchen, formal dining room, living room w/fireplace, and private home office. Upstairs, you'll find four bedrooms, including a spacious primary suite with a five-piece bathroom, walk-in closet, fireplace and private deck with stunning views of the Front Range. The finished basement adds even more liveability with a fifth bedroom, large family room, space for a home gym and not one, but two storage rooms.
If you are looking for that classic indoor/outdoor living that Colorado is famous for, this house has you covered. Out back there is a covered deck with great views of the Front Range and Longs Peak as well as a wonderful backyard featuring mature garden beds, lush grass and a beautiful water feature. As if that isn't enough, there is a private balcony off top floor w/fireplace and a a covered patio off the front of the house.
As for location, it is tough to beat as Lafayette and the surrounding area feature great shopping and restaurants (check this out on a map, so much to do including Downtown Louisville which is just 1.8 miles away). If schools are important, don't worry, the home sits within the highly rated Boulder Valley School District. Lastly, if you need to commute to the office, Boulder is roughly 20 minutes away while Denver is just a bit further than that.
Lastly and worth mentioning is the Seller has been meticulous with upgrades, maintenance and repairs since they purchased the home. New stucco, replacing the refrigerator, installing new carpet, replacing furnaces and water heaters and installing an EV charger. If the house needed it, they did it!
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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