832 Wapiti Dr
About This Property
Introducing a rare presale opportunity in the heart of Fraser - - a thoughtfully designed modern mountain residence with sweeping panoramic views of Byers Peak, Sheep Mountain, James & Parry Peaks, and Winter Park Resort. Located on one of the final remaining build sites along Wapiti Drive, this modern mountain residence captures sweeping valley and ski area views from an elevated Fraser setting.
Designed for entertaining & everyday comfort, the upper-level living space features expansive windows, an open-concept kitchen with oversized quartz island, designer cabinetry, modern fireplace, & seamless access to a private view deck positioned to capture breathtaking sunsets over the Fraser Valley. The multi-level layout includes a private primary suite, guest accommodations, flexible study/game space, & attached single-car garage with additional parking. Floor plans include three bedrooms, three bathrooms, open living and kitchen areas, dedicated laundry space, and a private deck overlooking the mountains.
Buyers under contract during construction may have the opportunity to personalize select interior finishes, including backsplash and bathroom tile, quartz countertops, cabinet colors, plumbing fixtures, lighting, flooring selections, & optional LVP upgrades from pre-selected material options (subject to change). Final selections are subject to builder timelines and availability, with upgraded options available at additional cost.
***Disclaimer: Renderings, floor plans, elevations, dimensions, finishes, landscaping, furnishings, & marketing materials are conceptual only and provided for illustrative purposes. Actual completed home may vary from renderings shown. Builder reserves the right to modify plans, materials, finishes, colors, fixtures, appliances, and specifications without prior notice. Square footages and measurements are approximate.
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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