48 Alex Ct
About This Property
The property includes a 20' shipping container that has been converted into a mobile cabin, complete with a compact kitchen area and bathroom. A well-built wood deck sits just off the structure, creating a comfortable space to take in the surrounding landscape and expansive night skies. A 1993 Winnebago is also positioned on-site and appears complete, though its running condition is unknown.
Water is supplied via a private, permitted solar well, supporting the current improvements and adding long-term utility to the property. The gated entrance, established driveway, and designated parking area provide straightforward access and functionality.
The land is partially wooded, with a gradual slope that rises toward the back of the property. This topography creates a sense of seclusion while still offering usable ground. Elk, mule deer, and other native wildlife are known to frequent the area, contributing to the property's recreational appeal.
Conveniently located near Cotopaxi, the property provides access to a wide range of outdoor opportunities. The nearby Arkansas River corridor offers fishing and whitewater rafting, while the surrounding public lands support hunting, hiking, and exploration. Salida is within reasonable driving distance, providing additional amenities, dining, and year-round recreation.
This property is well-suited for buyers seeking a ready-to-use recreational basecamp or a property with existing infrastructure to build upon over time.
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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