246 Loop Dr
About This Property
Welcome to your peaceful retreat! This well-maintained 3-bedroom, 2-bathroom home, built in 1999, sits on a spacious 1-acre lot just steps from the river and only 30 minutes from the vibrant town of Salida.
Inside, enjoy year-round comfort with central air conditioning and the peace of mind that comes with a whole-home backup generator. Outside, the property is beautifully landscaped with front and back sprinklers to keep everything green and thriving.
Need space for projects or storage? You'll love the two-car detached garage, complete with an attached heated workshop-perfect for hobbies, repairs, or additional storage. Plus, there's a heated shed with a loft and electric, ideal for a studio, home office, or creative workspace.
Outdoor enthusiasts will feel right at home with whitewater rafting, fishing, and endless outdoor recreation literally out the back door. Whether you're exploring the river, hiking nearby trails, or enjoying Colorado's natural beauty, this location is unbeatable.
This unique property offers the perfect blend of functionality, comfort, and natural beauty-whether you're looking for a full-time residence or a getaway close to outdoor adventure.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017