18
Map
580 Forest Dr
About This Property
The exterior has been thoughtfully improved with stain applied to the siding, installed just three years ago, plus additional insulation underneath. A bear-rated, solar-powered electric fence valued at 30k surrounds approximately one acre, helping contain children and pets while deterring unwanted visitors. A dual-fuel generator, powered by either gas or propane, connects directly to the home for peace of mind during power outages.
Additional amenities include two sheds - one with a toy-hauler door and the other climate-controlled with electricity - plus a solar-powered gate opener, snow-melt heat cables, three fire pits, and a seven-person hot tub. The property is served by a private well and septic system.
The flat lot is an uncommon feature in the mountains. The grounds have been cleaned up, with no trees within 15 feet of the structure, providing an added consideration for fire protection and insurance costs. Approximately 10 minutes to Dollar General and a 24-hour gas station, 20 minutes to Conifer, and 40 minutes to C-470. This exceptional mountain property is ready for its next owner!
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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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$499,900
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Sep 24, 2026 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed | $575,000 | |
| Listed | |||
| May 11, 2020 | Sold | ||
| Sold | |||
| Oct 25, 2019 | Listed | $322,500 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017