33
Map
3111 Emma Ln #B
About This Property
The Monarch Spur Trail and paved Poncha Boulevard bike path are nearby, providing convenient access for biking, walking, and connecting with Salida's broader trail system. Downtown Salida, the Arkansas River, restaurants, shops, Methodist Mountain, and S Mountain's hiking and mountain-bike trails are all just minutes away.
Light-filled main level features a well-designed kitchen that flows naturally into the living space, creating comfortable setting for everything from morning coffee to entertaining friends. Warm, neutral finishes give the space a fresh, contemporary feel, while custom motorized blinds add both style and convenience. Large 75" LG Smart TV mounted in living area included. A main-floor bedroom with its own full bath provides excellent flexibility as a guest suite, home office, or option for main-level living.
Upstairs are two spacious primary bedrooms, each with a walk-in closet featuring custom shelving. One opens to a south-facing balcony with beautiful views of Methodist Mtn. Central A/C provides comfortable year-round living.
The private outdoor space is another highlight, with a fully fenced yard and stamped-concrete patio -ideal for relaxing, entertaining, or pets. The large detached one-car garage features epoxy flooring, built-in shelving convenient gear storage, while an adjacent deeded parking space provides additional off-street parking.
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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 |
|---|---|---|---|
| Sep 20, 2026 | Price Decreased |
$629,000
↓ $50K
(7.4%) | |
| Price Decreased | |||
| Aug 21, 2026 | Price Decreased |
$679,000
↓ $18K
(2.6%) | |
| Price Decreased | |||
| Aug 18, 2026 | Listed | $697,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017