16780 County Road 240c
About This Property
This 1.1 acre property is nestled along 200 feet of the North Fork of the South Arkansas River ideal for summer BBQs and lazy Sunday afternoons listening to the flowing water while being surrounded by Aspen, Cottonwood and Pine trees that provide habitat for an abundance of wildlife. An additional 1.1 acre lot across the river is not included with this sale however it is listed separately in the MLS (MLS#6284881) and can be purchased with this property. Located 10 miles from downtown Salida and only minutes to Monarch Ski Resort, this chalet is full of charm and artistic details. Don't miss out on this incredible opportunity to own your dream mountain retreat! Whether you're looking for a permanent residence or a vacation home, this property has it all.
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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 |
|---|---|---|---|
| Dec 21, 2023 | Sold | ||
| Sold | |||
| Sep 11, 2023 | Listed | $649,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017