321 Two Rivers Rd
About This Property
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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 27, 2023 | Sold | ||
| Sold | |||
| Aug 15, 2023 | No longer available | - | |
| No longer available | |||
| Aug 3, 2023 | Price Decreased |
$385,000
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Jul 18, 2023 | Price Decreased |
$399,000
↓ $11K
(2.7%) | |
| Price Decreased | |||
| Jun 17, 2023 | Listed by First Colorado Land Office Inc | $410,000 | |
| Listed by First Colorado Land Office Inc | |||
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Looking for land along the river? Love the thought of opening your windows and hearing the sounds of a river? Or sitting out on your deck and enjoying the sight of the Sangre De Cristo mountains? Here you will own to the middle of the South Arkansas River, allowing you to dip your feet in, or cast a line in solitude. Two Rivers is a newer subdivision that is filling in quickly! Located at the confluence of the Arkansas River and South Arkansas River, it's a nature lovers dream. Enjoy relaxing walks along the river trail or gathering under the spacious community gazebo. Here you can walk/bike to the historic downtown, then return to the quietness of a residential neighborhood. You will have the convenience of a gym and cafe down the street, with several new businesses being established. This lot is nestled between two single family dwelling lots, allows for an accessory dwelling unit, and is 2 blocks from the commercial area. Not for those seeking a boring in-town lot with zero character, the ideal buyer will be searching for a parcel with a true Salida vibe. Did we mention it is across the river from 6 acres of neighborhood open space that provide added privacy? Lots with river frontage in Salida are rare, don't miss out!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017