651 Scott St
About This Property
The home has four bedrooms, one bath, a sizable living room and a kitchen that features a bar which opens into a sunny dining room with mountain views of the Sangre de Cristos. The large, western-facing, covered porch at the front of the home provides a comfortable and sheltered space to enjoy the spectacular views of Mt. Shavano and Tabeguache.
The lot has full perimeter fencing with gate access to a private, asphalt driveway that leads to a two-car garage. The garage features ample shelving, some cabinet space and an interior root cellar for extra storage. This property is served by a well. Per the attached well permit, use of ground water from this well can be used for irrigation of not more than one acre of home gardens and lawns and the watering of domestic animals.
It is just one block off of Oak Street and conveniently located across the street from the Crest Academy and R-32-J School District owned property. It is also just a few blocks from the Arkansas River as well as the up-and-coming neighborhoods of River Ridge and Two Rivers.
This home could make a great primary residence or a long-term rental investment.
Payment Calculator
Your Estimated Monthly Payment
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 13, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by Pinon Real Estate Group LLC | $499,000 | |
| Listed by Pinon Real Estate Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017