5693 Pinon Ridge Trl
About This Property
A professionally drilled well is already in place, complete with a transferable augmentation certificate, and access is easy via maintained roads. The property's tranquil, wooded setting opens directly to public lands via nearby trails-perfect for outdoor enthusiasts who enjoy hiking, biking, skiing, and fishing just minutes from home.
With its close proximity to downtown Salida, this lot offers both seclusion and convenience. Opportunities like this are few and far between in a community where most lots are already developed. Don't miss your chance to build something extraordinary in this truly special location.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Sep 16, 2025 | Price Decreased |
$299,000
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Aug 23, 2025 | Price Decreased |
$319,000
↓ $15K
(4.5%) | |
| Price Decreased | |||
| May 5, 2025 | Listed by HomeSmart Preferred Realty | $334,000 | |
| Listed by HomeSmart Preferred Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017