131 Heather Ln
About This Property
This property is 8.5+ acres and features a barn and fenced corral, loafing shed, chicken coop and a two car garage with attached carport and lean-to storage. The Gold Medal waters of the Arkansas River are about half a mile away. Public lands are less than a mile away uphill on Blarney Stone for trail riding for horseback riding, mountain biking, snow shoeing/cross country skiing or hiking.
A true mountain home and hobby farmer's dream located just 15 minutes drive away to Salida.
This home offers the best of both worlds: seclusion among the abundance of mature trees and peaceful oasis of Cherry Creek, as well as year-round ease of accessibility as Highway 50 is only about 1/2 mile away. This multi-level home has two bedrooms, one bathroom, a great room, kitchen and mudroom/laundry room all on the upper level. The lower level has a craft/bonus area at the stairs landing, two bedrooms, one bathroom, a great room, an office, mudroom and game/bonus room all on the lower level. Year-round live water, mix of lawn and forest all on Cherry Creek makes this home a must see! Estimated aerial plat map is available and floor plan will be available, soon. Be sure to view the virtual tour link for more photos of this property. Here, only 40 photos are available. On the virtual tour link, there are 70+ photos available.
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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