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3398 Blue Grass Cir
About This Property
This property offers a rare combination of privacy and views, backing directly to a greenbelt with peekaboo mountain views, tons of wildlife, and mature landscaping. The spacious walk-out lot maximizes both outdoor living and natural light, while the expansive steel deck stretches the full length of the home-perfect for entertaining, relaxing, or taking in Colorado sunsets. Inside, you'll find open living areas designed for comfort and function. The kitchen flows seamlessly into the dining and family rooms, highlighted by large windows that frame the natural setting. The primary suite is a true retreat with generous space, a walk-in closet, and an en-suite bathroom. The finished walk-out basement is built for gatherings, with versatile space for recreation, movies, or game nights. With direct access to the backyard, it creates effortless indoor-outdoor entertaining. Located close to I-25, the Outlets, dining, breweries, and all Castle Rock has to offer, this is the one! Come visit it today! BRAND NEW ROOF INSTALLED 11/12/2025!!!!
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Cap Rate Calculator
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