1577 Mears 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 |
|---|---|---|---|
| Jul 29, 2026 | Listed | $79,000 | |
| Listed | |||
| Jul 8, 2022 | No longer available | - | |
| No longer available | |||
| Mar 2, 2022 | In contract | - | |
| In contract | |||
| Oct 5, 2021 | No longer available | - | |
| No longer available | |||
| Sep 11, 2021 | Listed by First Colorado Land Office, Inc. | $100,000 | |
| Listed by First Colorado Land Office, Inc. | |||
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Zoned Recreational so RECREATE! Camp or build your home or cabin. Year round Poncha Creek is in your front yard. Borders national Forest. Walk off your property to The Rainbow Trail single track which runs through public land for approximately 100 miles to just beyond Westcliffe. O'Haver Lake and Marshall Pass are just down County Road 200 for great hunting, fishing, snowmobiling, ATV'ing etc. Monarch ski and snowboard area is just 30 minutes away. Poncha Loop recreation area is just 2 miles away and provides incredible access to thousands of square miles of Forest Service and BLM lands. Chaffee County Recreational zoning allows for camping with some limits. Old railroad grade crosses the property from the historic Mears Junction era from which this area gets it's name. Mears Junction was the point where the Marshall Pass narrow gauge line turned west towards the Continental Divide and the Valley Line continued south towards the summit of Poncha Pass. The junction was constructed in 1881 when both lines were built. The Valley Line was removed from Mears Junction in 1951, and the Marshall Pass line was abandoned in 1953 and physically removed in 1955.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017