424 Dry Gulch Rd
About This Property
Inside, you'll find 1,888 square feet of warm and inviting living space featuring log construction, tongue-and-groove ceilings, wood floors, large bedrooms, and a cozy wood-burning stove. The spacious loft offers endless flexibility as a recreation room, home office, additional sleeping area, or creative space. A recently installed Rinnai propane heater, electric baseboard heat throughout, and a durable metal roof provide comfort and peace of mind.
The unfinished 1,472-square-foot basement offers excellent storage and future expansion potential. Outside, enjoy a circular driveway, abundant wildlife, and the privacy of your own mountain retreat surrounded by the natural beauty of towering pines and aspens.
Retaining much of its original character, this property offers a rare opportunity to create your dream mountain retreat while building equity through future improvements. Whether you're looking for a full-time residence, mountain getaway, or investment opportunity, this classic Colorado log home offers space, privacy, character, and exceptional value.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Sep 4, 2026 | Price Decreased |
$545,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Jul 26, 2026 | Price Decreased |
$565,000
↓ $30K
(5%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed | $595,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017