540 Glacier Ridge Rd
About This Property
Among the home's most impressive features are the garage and workshop. From the oversized, fully finished 2-car garage, outfitted with heat, hot/cold water, you'll find an attached 28x30 heated and insulated workshop, which comes equipped with an exhaust fan- a contractors dream setup. Beyond woodworking, this space offers endless possibilities: expand your garage capacity, create a game room or home theater to boost STR potential, or design an ADU/lockoff for additional income opportunities.
Inside, the open and airy floor plan welcomes you with abundant natural light and mountain-inspired finishes. At the heart of the home, a wood-burning fireplace with a built-in blower creates a warm and inviting centerpiece-perfect for gathering on snowy winter evenings.
The home flows seamlessly onto two composite decks, where you can relax and soak in expansive mountain views while surrounded by the peace and privacy of your own wooded setting.
Conveniently located in a private neighborhood with no thru traffic, this secluded haven offers the perfect blend of tranquility and accessibility. Embrace the Colorado lifestyle with easy access to world-class skiing, hiking, fishing, and mountain biking right from your doorstep; all without compromising the luxury of being near restaurants, shopping, and grocery stores.
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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