5516 Wetlands Dr
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 16, 2025 | Listed by The Colorado RE Group LLC | $575,000 | |
| Listed by The Colorado RE Group LLC | |||
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Discover unparalleled comfort and style at 5516 Wetlands Drive, Frederick, CO 80504 with NO HOA and NO METRO TAX! This stunning 3-bedroom, 2-bath ranch plan offers an expansive 3418 sq ft of living space, with a meticulously finished 1709 sq ft on the main level. Step inside to an inviting open-concept layout featuring elegant hardwood floors that flow from the entry into the kitchen and dining areas. The gourmet kitchen and all bathrooms boast beautiful quartzite countertops, while brand-new carpeting in all bedrooms and the spacious living room adds a touch of modern luxury. Cozy up by the gas fireplace in the living room, or enjoy the convenience of all appliances being included. The primary suite is a true oasis, featuring a lavish 5-piece en-suite bath with custom tile, a relaxing soaking tub, a separate step-in shower, and a massive walk-in closet. This home has been thoughtfully updated with an eye for quality and style. Enjoy peace of mind with new exterior (2022) and interior paint (2024) and a new Class 4 roof (2024). Plantation shutters adorn the bedrooms, offering both privacy and sophistication. The exterior has been transformed with updated landscaping, including lush green grass and mature fruit trees, creating a serene outdoor retreat. Relax on either the covered front porch or the covered back porch, perfect for enjoying Colorado's beautiful weather. Car enthusiasts and those needing extra storage will appreciate the spacious 3-car garage, measuring 20' 8" deep with high ceilings. The unfinished 1709 sq ft basement, complete with a bath rough-in, presents a blank canvas for you to customize and expand to your heart's desire, adding significant future value. This exceptional home offers a perfect blend of luxurious finishes, modern conveniences, and ample space, ready for you to move in and enjoy.
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| Jul 13, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017