1405 San Tee Trl
About This Property
Founded in 1880, Hartsel is close to the geographic center of the state and is often referred to as "The Heart of Colorado". Samuel Hartsel's 100,000 acre cattle ranch included the Hartsel Hot Springs as well as the Estates of Colorado development. Originally inhabited by the Ute and Arapahoe Indians, the name South Park started to be used in the 1840s by hunters and trappers since the valley was the home to vast herds. Now, outdoor recreation is the main draw to the area. Hunting is also popular on nearby federal lands and state wildlife areas.
Photos (except for photo 1) are from various locations in the Estates of Colorado development and are not specific to this listing but are representative of the area. Roads are well marked. Exact corner longitude and latitude can be obtained at http://maps.parkco.us:3000/. Search on tax schedule 13881. Household use only well permits may be secured through Park County.
Covenants were put in place when Hartsel Ranch and the Estates Of Colorado were platted, however, an HOA was never established for enforcement. The covenants are 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.
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Address: 335 Madison Avenue, New York, NY 10017