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304 Virginia Rd
About This Property
Spanning just under 1,500 square feet, this 3-bedroom, 2-bathroom home combines rustic mountain charm with modern, big-ticket upgrades. Step inside to discover Australian Cypress floors, vaulted tongue-and-groove ceilings, and panoramic mountain views. Major 2024 Upgrades Include: Brand-new composite deck, new furnace with Air Conditioning (a rare mountain luxury) and new water heater. All-new Anderson windows throughout the first floor, plus an updated appliance package. Say goodbye to high-maintenance rural utilities-this property features hassle-free PUBLIC water and sewer and a south facing driveway! Unbeatable Downtown location: Walk out your front door and stroll into downtown Bailey to grab morning coffee, browse local boutiques, dine at the award-winning winery, or sample local brews. Outdoor adventure surrounds you: fish or kayak the South Platte River, hit nearby hiking trails, or take in world-class fall colors on Kenosha Pass. All this, just 1 hour from Denver and 1.5 hours to Breckenridge! Schedule your tour today!
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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