218 Poncha Blvd
About This Property
Offering 1,225 square feet, the home features three bedrooms, one bathroom, and a functional single level layout ready for updates and personal touches. Whether you're a first time buyer, investor, or someone looking for an affordable entry into the Salida market, the solid floor plan provides a great foundation for future improvements.
Situated on a 0.17 acre lot, the fully fenced backyard offers plenty of room for pets, gardening, outdoor entertaining, or simply enjoying Colorado's sunny days. An attached garage provides convenient parking and additional storage.
The location is hard to beat. Just minutes from historic downtown Salida, you'll enjoy easy access to local restaurants, shopping, parks, schools, the Arkansas River, and the extensive trail system that makes this area one of Colorado's premier outdoor destinations.
If you've been waiting for an opportunity to invest in a well located property with room to add value, this recent price reduction makes it one worth seeing.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 25, 2026 | Sold | ||
| Sold | |||
| Aug 12, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Jul 28, 2026 | Price Decreased |
$525,000
↓ $24K
(4.4%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$549,000
↓ $26K
(4.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017