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All paved roads to property until you turn on County road 153, then 1/2 mile to your own driveway. Not timeline requirements to build. Lease out pasture for grazing or invest in your own livestock. Property will be on well and septic- these are not in and will be a buyer expense whenever you build. Easy access to Hwy 86 or I70. There are 3 other lots available.
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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 |
|---|---|---|---|
| Mar 30, 2023 | Sold | ||
| Sold | |||
| Mar 12, 2023 | Listed by Lifetime Properties | $148,000 | |
| Listed by Lifetime Properties | |||
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Get out where the deer and antelope really do roam. Build a dream house or simply a tiny home getaway! NO HOA, NO COVENANTS.
All paved roads to property until you turn on County road 153, then 1/2 mile to your own driveway. Not timeline requirements to build. Lease out pasture for grazing or invest in your own livestock. Property will be on well and septic- these are not in and will be a buyer expense whenever you build. Easy access to Hwy 86 or I70. There are 3 other lots available.
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About Elbert
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Last Updated: 7 months ago
Data Source: REcolorado MLS, MLS# IRE8727635
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017