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5271 Red Pass Ln
About This Property
An iron gate with stone columns create a courtyard at the entry. A two-story foyer opens overhead, curved staircase, lighted art nooks, and a crystal chandelier catching light from every angle. Polished, natural 6-inch plank hickory floors stretch across the main level. The great room's carved travertine fireplace and soaring ceiling carry the scale outward to a kitchen that opens onto it all. Jenn-Air appliances, a gas cooktop with griddle, convection ovens, and a 10-foot island complete the space, with a walk-in pantry and butler's bar handling the overflow, and a corner nook catching morning light.
The main floor primary suite has its own wing. The bath is sparkling and bright, with dual vanities, a freestanding soaking tub beneath a crystal chandelier, and a glass-enclosed walk-in shower finished in decorative tile. The walk-in closet, custom by Closets by Design, connects to the laundry room.
Downstairs, the finished basement is its own destination: a wet bar with quartz counters, a glass-door wine cellar, and a recreation room set the scene for game nights, warmed by a second fireplace. Upstairs, two bedroom suites and a loft overlooking the great room give the house room to breathe.
Minutes from the renovated Village Lake Fitness Center, offering a heated lap pool, spa, and cardio and weight training. Castle Pines Village is home to 2 private 18-hole golf courses. Finished throughout with the fine detail touches a discerning buyer will recognize.
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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