511 Lakeview Rd
About This Property
Located just a short drive from the charming town of Bailey, you'll enjoy the tranquility of mountain living while being only 45 minutes away from the vibrant city life of Denver. Bailey offers a quaint small-town atmosphere with local shops, cozy cafes, and community events, ensuring you have all the essentials close by. Whether you're looking to build a private retreat or invest in a promising piece of land, this property presents endless possibilities. Don't miss your chance to own a slice of Colorado paradise with stunning natural surroundings and convenient access to urban amenities. This is raw land, Buyer will need to drill a well and install a septic system. There is no sign at the property, it is on the corner of Lakeview and Renaud Rd., per the map.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Aug 14, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Listed by Compass - Denver | $14,500 | |
| Listed by Compass - Denver | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017