120 Hope Ln
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 |
|---|---|---|---|
| Oct 10, 2022 | Sold | ||
| Sold | |||
| Jul 7, 2022 | Listed by Keller Williams Performance Realty | $200,000 | |
| Listed by Keller Williams Performance Realty | |||
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Priced at appraised value! 4.5 acres, well with irrigation rights, large (5.3kw) solar panel array with a 400Ah battery bank, and a 33' Avion trailer to live in while you build near the Arkansas river and sporting fantastic mountain views. This parcel is level enough for a green house, or other projects that require fairly level ground...rare for our area. You can live off the grid or on, will simply take an easy connection to the power grid if desired. The well is drilled already and produces a fantastic 35 gallons per minute. Access is right off HWY 50 so never get stuck with bad weather. Schools are your choice! Salida Schools or Cotopaxi Schools run buses through Howard and both are excellent if you have children. Lovely area and a lovely town just 18 minutes SE of Salida. Make it yours. Note: no septic system currently installed
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| Sep 28, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017