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340 Hemlock Dr
About This Property
Surrounded by mature trees and framed by expansive mountain views, this lot delivers both privacy and natural beauty. Electricity is already at the lot line, and roads are maintained year-round through the local special tax district, making access easy in every season.
Adventure is right outside your door-just minutes to Twin Lakes, endless hiking and biking trails, national forest access, and the Arkansas River for world-class fishing and whitewater rafting. Conveniently located just 25 minutes from Buena Vista, 15 minutes to Leadville, and 45 minutes over Independence Pass to Aspen.
A rare chance to secure a build-ready lot with valuable infrastructure already in place- with access to lakes, rivers, and panoramic peaks.
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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