3436 Platte River Dr
About This Property
The custom-built home features vaulted ceilings and oversized sliding doors that lead to a balcony, where you can enjoy sweeping views and embrace indoor-outdoor living. For horse lovers, the Barnmaster barn is a highlight with 3 stalls, fully fenced and cross-fenced pastures, and multiple gates for easy rotation. An optional grazing lease provides a practical advantage, along with low taxes.
Upgrades like a new 80-gallon water heater, furnace, durable laminate flooring, and a new well and pump (May 2024) ensure your ranch is fully equipped. Located just 15 minutes from Fairplay and less than an hour from Breckenridge, this ranch offers both tranquility and accessibility. Plus, it qualifies for the Landowner Preference Program (LPP), making it a hunter's haven.
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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