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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 |
|---|---|---|---|
| Jan 8, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Listed by Pinon Real Estate Group LLC | $520,000 | |
| Listed by Pinon Real Estate Group LLC | |||
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Don't miss this recently built 3 bed 2.5 bath home in the beautiful town of Poncha Springs. This spacious 2-story, stick-built home boasts a modern open floor plan perfect for comfortable living and backing to HOA green space with a fenced backyard. This homes thoughtful layout offers mountain views, ample storage, low maintenance stucco exterior, an abundance of natural light, and a large primary bedroom complete with a en-suite bathroom and walk in closet. Enjoy a short drive to Monarch Mountain Ski Resort, Salida's historic downtown for dining and shopping, and all of the outdoor amenities that Chaffee County has to offer. All appliances plus clothes washer/dryer included.
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| Dec 14, 2022 | Sold | ||
| Sold | |||
| Sep 3, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017