851 Merganser Dr
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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 8, 2026 | Price Decreased |
$409,990
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Feb 5, 2026 | Listed | $419,990 | |
| Listed | |||
| | |||
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Welcome to 851 Merganser Drive, located in the sought-after Waterfield community - Fort Collins' newest low-maintenance neighborhood just minutes from the energy and charm of Old Town Fort Collins. The Grove floor plan delivers a bright, balanced layout designed for both everyday comfort and effortless entertainment. The main level showcases a true open-concept design, where the kitchen, dining, and living spaces connect seamlessly to create a cohesive, inviting environment. The kitchen is thoughtfully configured with clean finishes, abundant storage, and a layout that maintains openness while keeping everything within easy reach - ideal for hosting or daily living. The primary suite serves as a private retreat, complete with a an suite bath and generous closet space. Two additional bedrooms provide versatility for guests, a home office, fitness space, or hobbies, with a full bath conveniently located nearby. A dedicated laundry area and attached two-car garage enhance the home's practical functionality. Life in Waterfield extends beyond the front door. Residents enjoy access to walking and biking paths, open green spaces, and a dedicated wetlands area that introduces a peaceful, natural backdrop to the neighborhood. Combined with its proximity to Old Town's dining, shopping, and entertainment, this home offers a rare blend of low-maintenance living and connected community lifestyle.
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| Jan 12, 2026 | Price Decreased |
$414,990
↓ $5K
(1.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017