33 Ute Way
About This Property
This home's geometric design allows creative room arrangements: a large lofted area is on the top story, the open floor plan on the second story provides an airy kitchen, dining room, two bedrooms, full bath and living room with a woodstove. There is plenty of space for a family fun and a home office. The first story has an extra large bedroom and office, or could be turned into a one bedroom apartment which could generate rental income. The garage and carport are ready for the 21st century with an EV charger.
A truly unique home situated above the historic town of Nederland Colorado, in the desirable Hilltop Subdivision. Eldora Mountain ski area & miles of national forest are just steps away
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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