472 Redhill Rd
About This Property
For hunting, this property is part of GMU 50, with private hunting access within walking distance to BLM hunting on Reinecker Ridge. The Reinecker Ranch access point is intended to allow for recreational activities, including hunting, hiking, horseback riding, mountain biking, and 4-wheeling. It is also very close proximity to Pike National Forest and some of the best skiing in Colorado, with just over an hour's drive to Breckenridge and Copper Mountain.
The property has mixed elevation with great building options. The natural state is a mix of Pines, Sagebrush, Aspens, and native grasses. It has road frontage on Redhill Rd, where power is available, as well as access to newly reconstructed community water lines. Fire hydrants are located along all the water lines to improve fire protection. Camping is allowed within the neighborhood, with the camping season running from May 1-October 31. All camping is governed by county ordinance. Camping for longer than 14 days requires both a county and HOA permit, and camping is allowed during the hunting seasons. This property is a rare opportunity for a full-time home or a peaceful escape from the city.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Price Decreased |
$54,900
↓ $20K
(26.8%) | |
| Price Decreased | |||
| Jul 10, 2024 | Price Decreased |
$75,000
↓ $3K
(3.2%) | |
| Price Decreased | |||
| May 28, 2024 | Price Increased |
$77,500
↑ $23K
(41.2%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017