137 Starbuck Cir
About This Property
Starbuck Dairy is nestled alongside the Monarch Spur Trail and this home provides direct access to an extensive path system. Head east and enjoy a leisurely walk past Loyal Duke Dog Park, Safeway, and down to the Arkansas River playhole in downtown Salida. To the west, the trail places you just steps from Walmart, making errands a breeze.
Inside, the home features an open, single-level floor plan with hardwood flooring throughout the main living areas. The cozy gas fireplace adds warmth and ambiance, while a jetted soaking tub in the primary bathroom provides a luxurious place to unwind. Patio doors in the Primary Bedroom as well as the Living Room open to a spacious back deck, perfect for enjoying the stunning panoramic views of the Collegiate Peaks mountain range.
The lot is beautifully enhanced by a seasonal live water ditch that meanders through the backyard, creating a tranquil setting with low-maintenance landscaping both front and back. Whether you're relaxing indoors or taking in the scenery outside, this home offers an unbeatable combination of comfort, style, and location.
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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