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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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Listed by Coldwell Banker Realty 28 | $169,000 | |
| Listed by Coldwell Banker Realty 28 | |||
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Looking for a private and peaceful location to build your dream home? This 2-acre property in Gilpin County has tons of potential. With beautiful aspen groves, tall pines, abundant wildflowers, rolling slope, and easy access to National Forest, the tranquil nature of this lot is very appealing. Much of the excavation is complete, driveway is roughed in, electricity is run to the property, and a well is already dug and permitted with the state. Conveniently located 15 min from Nederland, 23 minutes to Black Hawk, and 60 minutes to Denver, access to the necessities is very easy. Bring your builder and let's get started!
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Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 7231275
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Address: 335 Madison Avenue, New York, NY 10017