3161 Vantage Dr
About This Property
Experience the freedom of Colorado country living on 4.55 usable acres with space for animals, hobbies, equipment, and more. This versatile property offers a 3-bedroom, 2-bath home plus a flexible bonus room, providing comfortable living with room to adapt to your lifestyle.
Inside, the home features thoughtful updates including new flooring, quartz countertops, and newer appliances in the kitchen, creating a bright and functional space for everyday living and entertaining. The flexible bonus room offers endless possibilities for a home office, workout space, hobby room, or guest area.
Enjoy added comfort with heated floors in the upstairs bathroom, perfect for Colorado winters.
Major system updates have already been completed for peace of mind, including a new roof, furnace, AC, and water heater in 2021, along with a new well pump, whole-house filtration system, and water softener. The exterior has also been refreshed with new stucco for enhanced curb appeal and durability.
Outside, the property truly shines. The 4.55-acre lot includes three outbuildings and a loafing shed, offering excellent potential for horses, hobby farming, workshop space, equipment storage, RVs, or recreational use. With AG zoning and no HOA, you have the flexibility to use the land to fit your needs.
Whether you're looking for space to spread out, room for animals, or a property with future potential, this acreage offers privacy, versatility, and major updates already completed.
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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