322 Two Rivers Rd
About This Property
A dedicated office captures mountain views and offers an inspiring space for remote work or creative projects. The primary suite is private and calming, with a custom built-in closet and a beautifully finished en-suite bath featuring a walk-in rain shower, double sinks, and handpicked tile and lighting. Two additional bedrooms sit in their own wing alongside a full bath with contemporary finishes, providing comfort and separation for guests. Designer lighting, upgraded hardware, new central A/C, a new water softener system, and a generous mud room and laundry area enhance both convenience and style.
More than $40,000 in professional landscaping elevates the outdoor areas with native perennials, pea-gravel design elements, raised beds, a full irrigation system, double fencing, and generous front and back patios ideal for outdoor living. The home is set just steps from the neighborhood river-walk path, offering easy access to the natural beauty of the Little Arkansas River. A detached two-car garage with alley access completes the property. Situated in the sought-after Two Rivers neighborhood and minutes from downtown Salida, the home's curated furnishings-Room & Board, CB2, Scandinavian Designs-along with original artwork, linens, and kitchenware are available for purchase separately for a turnkey option.
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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