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1335 Sequoia Dr
About This Property
The lot sits less than 400 meters from Mt. Elbert Forebay, providing easy access to a popular destination for fishing and enjoying the scenery of Colorado's highest peaks. Nearby Twin Lakes offers boating, kayaking, paddleboarding, fishing, and shoreline relaxation surrounded by Colorado's highest mountain peaks, including Mt. Elbert and Mt. Massive.
Outdoor recreation extends well beyond the lakes with nearby hiking trails, mountain biking routes, and access to National Forest lands and segments of the renowned Colorado Trail.
At nearly half an acre, this wooded lot is larger than many parcels in the subdivision and provides flexibility for designing and building a mountain retreat or full-time residence among mature trees. Water service from Mt Elbert Water Association runs in the street directly in front of the property, helping simplify future utility planning.
The location also provides convenient access to the historic village of Twin Lakes as well as nearby Leadville and Buena Vista, mountain communities known for recreation, scenery, and outdoor lifestyle.
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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.
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Address: 335 Madison Avenue, New York, NY 10017