1138 E St
About This Property
Inside, the residence features bamboo and oak hardwood flooring, a private office perfect for remote work, and the primary suite complete with en-suite bathroom was added in 2006. The kitchen is designed with maple cabinetry, a separate prep bar with sink, and induction stove with stainless steel exhaust hood and custom maple wood bar with hand-blown lights by glass artist, Bryce Turnbull, overhead. On the lower level, an expansive bonus room, with egress window and closet, provides an ideal family room, fitness space, or game room. Year-round indoor comfort is ensured by forced air heating and central air conditioning and attic-fan.
The professionally designed backyard, created by Clovers Habitat Landscape Design, offers an outdoor retreat. Relax on the deck or take a seat on one of the strategically placed boulders to enjoy a variety of flowering shrubs, pines and fruit trees-including pear, apple, and plum. A fully insulated detached two-car garage with attic storage, a covered carport with dual storage closets, and a separate tool shed provide ample storage and functional space for hobbies and recreational equipment.
Positioned just two blocks from Salida High School and six blocks from the Salida Public Library and Alpine Park-home to the popular Salida Farmers Market-this property enjoys a premier location within walking distance of downtown amenities, trails, and community events. Combining livability, location, and outdoor space, this home presents an exceptional opportunity in one of Colorado's most desirable mountain towns.
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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