5 Elk Height Ln
About This Property
For hunting, this property is part of GMU 58, with walk-in access opportunities to the neighboring National Forest. Elk, mule deer, moose, bear, and mountain lion frequent the property, utilizing the North and South facing hillsides as a refuge. Aspen draws and neighboring water features ensure additional quality habitat on either side. Further public access opportunities are just up the road, with private gated access to the Forest land below Black Mountain, thousands of acres of BLM land, and a picturesque pond nearby on County Road 88. Sitting just a short drive from Spinney Mountain Reservoir, Eleven Mile Reservoir, the Dream Stream, and the South Platte River, it has easy access to some of Colorado's best public fishing opportunities. With world-renowned skiing within a two-hour drive, this property falls in a true recreational hub of Colorado.
The mixed elevation has great building options available. Pines, mature Fir trees, grassy meadows, and mature Aspens combine for a picturesque habitat across this mountain landscape. This property is a rare opportunity for a full-time home or a peaceful escape from the city. Call to set up an exclusive showing today!
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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 |
|---|---|---|---|
| Feb 11, 2025 | Sold | ||
| Sold | |||
| Jan 17, 2025 | In contract | - | |
| In contract | |||
| Jul 15, 2024 | Listed | $499,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017