635 Ridge Dr
About This Property
car garage & a smaller single car detached garage for those 4 wheelers or boat! Brand NEW ROOFS on the home, shed & 1 car garage. There are 2 sheds, 1 is a 10 x 12 insulated shed that would make a great art studio. There is a loafing shed with panels for 3 horses. This lovely property has large mature Aspen, Pine & Engelmann spruce trees & it sits back off of the dead-end road for total peace & quiet. Properties like this with acreage, privacy, trees, & views are hard to find! A solar gate with 2 remotes keeps the property super private. There is a large elk herd in the area. This is a mountain dream come true! Close to 4 wheeling trails, hiking, lakes, & it's also less than 2 hrs from skiing.
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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