402 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 |
|---|---|---|---|
| Jul 31, 2023 | Sold | ||
| Sold | |||
| Jul 12, 2023 | No longer available | - | |
| No longer available | |||
| Feb 15, 2023 | Sold | ||
| Sold | |||
| Feb 2, 2023 | Listed by Performance Group of Colorado, LLC | $200,000 | |
| Listed by Performance Group of Colorado, LLC | |||
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Live in the hottest neighborhood in Salida. You can have a home, a garage and an additional dwelling unit or tiny home. The community is situated where the Little Arkansas River feeds into the gold rated Arkansas River. If you decide to build a second story, views of the Arkansas river be your big screen when you sit on your deck. Green areas abound in the community and the homes that are being built are top notch. The planned unit development includes a gym, restaurants, and shops. If what is offered just a few blocks from you doesn't suffice, you can walk, bike or drive to historic downtown Salida for an evening of great music, incredible food, or a festival, which we are known for in the spring, summer and fall. Like to ski? Monarch mountain has the 2nd best powder in the state and is 25 minutes away. The dream is here. Are you?
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| Sep 27, 2022 | Listed by Keller Williams Performance Realty | $180,000 | |
| Listed by Keller Williams Performance Realty | |||
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Own your own piece of Two Rivers, the hottest new development in town. This property can support 2 livable units. One primary residence and one ADU (additional dwelling unit). The community is situated where the Little Arkansas River feeds into the gold rated Arkansas River. Triple crown! Less than 1000 yards from both the Arkansas and the Little Arkansas Rivers, Less than 1000 yards from the Gazebo in the common area for family and friend picnics, and river views from your 2nd floor! The planned unit development includes a gym, restaurants, and shops, EV charging stations, and other planned commercial projects. Are you a minimalist? Want a Tiny Home? There is no size minimum. Want more? You can walk, bike or drive to historic downtown Salida for an evening of great music, incredible food, or a festival, which we are known for in the spring, summer and fall. Like to ski? Monarch mountain has the 2nd best powder in the state and is 25 minutes away. The dream is here. Are you?
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017