35506 County Road 50
About This Property
The house is truely a do it yourselfer's dream come true. All demo work has been done down to the studs. A previous owner framed in two bedrooms and a bathroom on the main floor. An open concept living room and kitchen seem to be in the plans. The attic has the charm of an early 20th century farm house with an open stair case leading to it from the center of the main floor. It appears that a bedroom and bathroom had once resided in that space. The basement seems to have been used as an additional bedroom in the past however it would need an egress window to be code compliant. This home is a blank canvas to the right purchaser, existing framing could be easily changed. All new plumbing, electical, and heating will need to be installed. The bones of this house seem to be very good. The roof and foundation are in good condition. More than 80 acres make this parcel a viable option for the hobby rancher or horse enthusiast. Only a 30 minute commute to Limon and just over an hour to Colorado Springs. This property won't last long. Call to schedule a showing today.
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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