539 Neal Rd
About This Property
While needing personal renovations, the cabin on the property presents an excellent opportunity for sweat equity or for an investor to transform it into a charming getaway oasis. The seller has already installed double-insulated vinyl windows, adding to the comfort and energy efficiency of the cabin. A short walk away lies the Pike National Forest, with its extensive hiking trails, fishing ponds, shooting range, and other recreational activities.
Additionally, the lot includes a spacious workshop, ripe with the potential to become someone's dream workspace. With its stunning natural surroundings and ample opportunities for outdoor adventures, this property is perfect for anyone looking to experience peaceful mountain living. Comes with two properties 519-539 Neal Road, both are consolidated and are part of the same lot.
Payment Calculator
Your Estimated Monthly Payment
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 27, 2024 | Sold | ||
| Sold | |||
| Jul 19, 2024 | In contract | - | |
| In contract | |||
| Jul 8, 2024 | Listed by Keller Williams Integrity Real Estate LLC | $300,000 | |
| Listed by Keller Williams Integrity Real Estate LLC | |||
| | |||
|
Welcome to Harris Park Estates, nestled in beautiful Bailey, Colorado. This serene community teems with wildlife and offers a tranquil retreat for anyone seeking a peaceful getaway. The property spans 0.78 acres and features a small creek flowing through an Aspen tree meadow at the corner of the lot.
While needing personal renovations, the cabin on the property presents an excellent opportunity for sweat equity or for an investor to transform it into a charming getaway oasis. The seller has already installed double-insulated vinyl windows, adding to the comfort and energy efficiency of the cabin. A short walk away lies the Pike National Forest, with its extensive hiking trails, fishing ponds, shooting range, and other recreational activities.
Additionally, the lot includes a spacious workshop, ripe with the potential to become someone's dream workspace. With its stunning natural surroundings and ample opportunities for outdoor adventures, this property is perfect for anyone looking to experience peaceful mountain living. Comes with two properties 519-539 Neal Road, both are consolidated and are part of the same lot.
| |||
| Jun 3, 2013 | Sold | ||
| Sold | |||
| Nov 15, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017