27495 Red Cloud Ave
About This Property
The property has a well in place but needs substantial updating and finish work throughout. There is currently no septic system and no conventional furnace; heat is provided by wood-burning heaters. This is an ideal opportunity for an investor, contractor, or buyer looking to complete and customize a property to their own vision.
Enjoy peaceful rural living, expansive views, and plenty of possibilities in the heart of the San Luis Valley. Property is being sold AS-IS. Buyer to verify all property information, including acreage, square footage, well, septic requirements, utilities, heating systems, permitting, zoning, and suitability for intended use.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$195,000
↓ $10K
(4.9%) | |
| Price Decreased | |||
| Sep 22, 2026 | Listed | $205,000 | |
| Listed | |||
| May 22, 2025 | Withdrawn | - | |
| Withdrawn | |||
| May 15, 2025 | Price Increased |
$195,000
↑ $15K
(8.3%) | |
| Price Increased | |||
| Apr 28, 2025 | Listed | $180,000 | |
| Listed | |||
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Handyman special, Cabin with good bones on 160 Colorado acres with world-class mountain views. Located directly across the highway from Joyful Journey Hot Springs Resort in the Northern part of the San Luis Valley. Salida, Colorado, is only 40 minutes to the north, and the Great Sand Dunes National Park is only 45 minutes to the south. The home needs finishing and the land needs cleanup to complete the dream, but you won't find a better deal for this much acreage with a cabin. You will love the seclusion from neighbors and the night skies this part of the Valley offers. Possible owner carry with acceptable terms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017