111 Elk Creek Dr
About This Property
Adventure is right outside your door! Located just 2 miles from the Pikes Peak National Forest, you'll have easy access to endless hiking, camping, fishing, and the convenience of riding your recreational vehicles directly from your property. Enjoy beautiful views of Pikes Peak and the peace and privacy that mountain living has to offer.
Whether you're looking for the perfect weekend getaway, a recreational basecamp, or a future full-time mountain residence, this property offers an incredible opportunity to create the Colorado lifestyle you've been dreaming of.
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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