8197 Windmill Ln
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 |
|---|---|---|---|
| Jul 8, 2025 | Sold | ||
| Sold | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by HomeSmart Preferred Realty | $900,000 | |
| Listed by HomeSmart Preferred Realty | |||
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Welcome to your dream retreat in the heart of Colorado Rockies majestic landscape! You get: NEW Anderson windows, a new roof, new fencing, new carpet, and a new paint on the entire interior as well as on some of the exterior. All that's left for you to do is move right in. This stucco ranch- style home, on a serene 2-acre lot in Windmill Ranch Estates, offers unparalleled 360-degree views of the Collegiate Peaks and Mount Ouray. The property's unique positioning adjacent to a large open space buffer and other homes on acreage ensures unobstructed views and breathtaking sunsets that paint the sky each evening. Step inside to discover a thoughtfully designed interior featuring: 3 bedrooms and a versatile bonus room, perfect as a 4th bedroom, home office, or creative studio. The light-filled great room has vaulted ceilings, skylights, and sliding glass doors that create indoor comfort with the stunning outdoor scenery. The newly updated kitchen is lovely and central to the home's layout. There is an oversized 2-car garage, adjacent RV or horse trailer parking, and a partially fenced yard-ideal for pets or a future garden. The property is also completely fenced for a horse as well. Located just 10 minutes from downtown Salida, there is both a peaceful mountain retreat combined with convenient access to local amenities. Whether you're seeking a full-time residence or a seasonal getaway, 8197 Windmill Lane is on sale now for an amazing price.
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| Sep 20, 2023 | Sold | ||
| Sold | |||
| Jun 3, 2023 | Listed | $998,600 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017