38810 Fossinger Rd
About This Property
80 acres of well sodded native grass rangeland. The land lays mostly level to slightly rolling.
The remodeled ranch style house boasts 4 bedrooms and 2 bathrooms. The home has a maintenance free stucco exterior and metal roof. The ranch is loaded with outbuildings including a historic barn, loafing sheds, 3 garages, a heated tack room, horse runs, a chicken house, full size roping arena and round pen.
Mule deer, Pronghorn, Coyote, and Fox call the property home. The ranch is set up perfectly for equine sports. Be it roping, cutting, or team penning. It would make a great horse training facility.
Rush Colorado is a small community located 40 miles east of Colorado Springs via Highway 94. It's an area of ranches and rural residential. The Colorado Springs area is a thriving and growing metro area and host to several military bases, the US Olympic Training Facility and numerous businesses all at the base of Pikes Peak and the Rocky Mountains.
Because this is a significant bargain, seller is selling "As is".
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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%.
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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 |
|---|---|---|---|
| Dec 30, 2022 | Sold | ||
| Sold | |||
| Aug 15, 2022 | Listed by HAYDEN OUTDOORS LLC | $375,000 | |
| Listed by HAYDEN OUTDOORS LLC | |||
| | |||
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The Rush Equine ranch is a very well set up horse ranch with 80 acres of level grassland, a great 4 bed 2 bath home, barns, runs, a tack room, roping arena and round pen.
80 acres of well sodded native grass rangeland. The land lays mostly level to slightly rolling.
The remodeled ranch style house boasts 4 bedrooms and 2 bathrooms. The home has a maintenance free stucco exterior and metal roof. The ranch is loaded with outbuildings including a historic barn, loafing sheds, 3 garages, a heated tack room, horse runs, a chicken house, full size roping arena and round pen.
Mule deer, Pronghorn, Coyote, and Fox call the property home. The ranch is set up perfectly for equine sports. Be it roping, cutting, or team penning. It would make a great horse training facility.
Rush Colorado is a small community located 40 miles east of Colorado Springs via Highway 94. It’s an area of ranches and rural residential. The Colorado Springs area is a thriving and growing metro area and host to several military bases, the US Olympic Training Facility and numerous businesses all at the base of Pikes Peak and the Rocky Mountains.
Because this is a significant bargain, seller is selling “As is”.
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| Aug 13, 2022 | No longer available | - | |
| No longer available | |||
| Jun 21, 2022 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Jun 8, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017