20250 County Road 69
About This Property
40 incredible acres with trees, meadow and an abundance of wildlife! The west half is good open meadow pasture and the east half is heavily wooded with mature Ponderosa Pines!
A 1996 model manufactured home with 2052 square feet of living area. The home has 3 bedrooms and 2 bathrooms. also included is a pole building shop/garage with storage and a 2 car carport. There is a couple of fenced in garden areas.
Elk, Mule Deer, Pronghorn and Turkey can be spotted on the property. Mule Deer doe's fawn on the back of the property. The property is minutes away from Rocky Mountain Roosters upland hunt club and the occasional pheasant comes to visit. The property is suited for recreational shooting, 4 wheelers, hunting or whatever you can dream of.
The property is serviced by a good water well.
The Bijou Basin is temperate compared to the more exposed "High Plains". Winters are mild, and summer are warm.
Located in the Bijou Basin area north of Calhan, south of Kiowa, east of Elbert is a naturally protected oasis with big views and wildlife.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017