567 Forest Dr
About This Property
Jan 2026 update: Sporting a brand new high impact $17,000 roof and all new decking.
This well-maintained property features 2 bedrooms and 1.5 baths, blending rustic character with thoughtful updates. Recent improvements include a brand new $30,000 septic system, new furnace, new gutters and fresh exterior paint, ensuring peace of mind for years to come.
Inside, the home is warm and inviting, with cozy living spaces perfect for relaxing or entertaining. Large windows bring the forest setting indoors, while the open living and dining areas create a welcoming flow. The kitchen retains its mountain-cabin charm and is positioned conveniently next to the dining room.
Outdoors, you'll enjoy multiple sitting areas, including a private deck ideal for summer gatherings, barbecues, or simply soaking up the natural beauty and fresh mountain air. A detached garage and shed provide additional storage and functionality.
Located in Bailey, this retreat offers both privacy and accessibility-a perfect balance for year-round living or as a weekend getaway.
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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 |
|---|---|---|---|
| Jan 3, 2026 | Price Increased |
$510,000
↑ $10K
(2%) | |
| Price Increased | |||
| Sep 17, 2025 | Price Decreased |
$500,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Aug 30, 2025 | Listed by Compass - Denver | $520,000 | |
| Listed by Compass - Denver | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017