42687 County Road 125
About This Property
71.7 acres in Elbert County near Deer Trail and Agate, Colorado. Rolling pasture, level hay ground in Alfalfa. It has a ton of character with a drainage area, pond and cottonwood trees. There's an established building site with electricity and a new water well.
Included are two storage sheds and a steel garage/carport. The property has a water well and is fenced.
There are Antelope, and Mule Deer, Coyote and Fox in the area. A The property is ideal for hunting, shooting, ATV,s or whatever you can come up with.
The property has approximately 50 acres of level dry land hay ground planted in alfalfa and grass.
The ranch includes a proportionate share of the Basin Determination for water rights in the Laramie Fox Hills Aquifer. Any seller owned mineral rights will convey to the purchaser.
Located in Elbert County Colorado west of Agate and Southwest of Deer Trail Colorado in Elbert County. The property is within one hour of Denver and Denver International Airport. The town of Deer Trail has a new K-12 school, two gas stations/C stores, a church and is a nice rural town on the eastern plains of Colorado along Interstate 70.
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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.
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