10505 Engelmann Ave
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 |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 6, 2025 | In contract | - | |
| In contract | |||
| Jul 2, 2025 | Listed by Colorado Mountain Realty | $519,000 | |
| Listed by Colorado Mountain Realty | |||
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Welcome to Colorado Mountain Living! This Shavano open floor plan is a stunning superior modular home designed and constructed with attention to every detail. 1,368 square feet, 3 bedrooms, 3 baths, with beautiful finishes and large rooms. This newly constructed home has had only one owner. Bright and airy, the property features a spacious two car detached garage as well as a covered front porch. The home has a full crawl space covering the entire footprint, complete with plastic ground cover, installed lighting, and air ventilation for healthy air circulation and moisture control. There is a combination of Luxury Vinyl Tile (LVT) flooring and carpet (this has been a no-shoes household). Owners have added custom-sized top-down bottom-up blinds. Please note the blue and mustard yellow donkey themed designer wallpaper is peel & stick: it can come off the wall easily if it's not your vibe. The home has Custom-designed living space, Xeriscaped yard with low maintenance landscaping, three flower garden beds (including native Colorado wildflowers), custom paver patio in backyard, amazing views of Mt. Shavano and the Collegiate Peaks to the west, and open farm space views to the east. There is a whole house fan for energy-efficient cooling and keeps the home cool all day long. Located in a quiet and friendly neighborhood, only 20 minutes to Monarch Mountain, with easy access to downtown Salida and outdoor recreation including skiing, hiking, mountain biking, amenities, restaurants, a hospital and endless mountain recreation. Do not miss this opportunity! Sellers are offering a qualified buyer $5,000 toward closing costs or buying down points on interest rate.
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| Jul 3, 2023 | Sold | ||
| Sold | |||
| Nov 5, 2022 | Listed | $495,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017