899 County Road 18
About This Property
Within 2 hours of Denver and Colorado Springs, this property offers proximity to major population centers and their international airports. Just 30 minutes from the vibrant resort community of Breckenridge, known for skiing and year-round activities. The charming town of Fairplay, famous for its fly fishing and recreational opportunities, is only minutes away.
Improvements on the property include a well-appointed 3-bedroom 2-bathroom home, with a unfinished basement and a wonderful deck.
The Sacramento Ditch delivers 2 CFS of adjudicated water rights to irrigate the lower field. Additional water includes a developed and adjudicated spring for livestock water, a seasonal natural creek, and several natural ponds. Both moose and elk cruise the property and enjoy the water resources. For the equestrian buyer, premium grass hay has been produced on the lower 8 acres yielding about 1.5 Tons per Acre. With Fairplay's prime location near great recreational pursuits, the
property presents excellent opportunities for Airbnb rentals. Visitors flock to the region year-round to experience the trout-filled waters of the South Platte River, the scenic trails of Pike National Forest, and the nearby ski resorts of Breckenridge. A well-located short-term rental can attract anglers, hikers, hunters, and winter sports enthusiasts looking for a comfortable stay with easy access to the outdoors.
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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