6375 Terrace Ln
About This Property
Located in one of Salida's most sought-after neighborhoods-Methodist Mountain Estates-this one-of-a-kind 3-bedroom, 3-bathroom custom home offers 2,927 square feet of thoughtfully designed living space at the base of some of the area's best biking and hiking trails, including easy access to the popular Little Rainbow trail system. The main level features a chef's kitchen with newer cabinets, countertops, graphite appliances, and an eat-in dining area with exposed wood beams and surrounding windows that fill the space with natural light and mountain views. The dining area opens to the outdoor patio for seamless indoor-outdoor living. A spacious living room anchored by a pellet stove creates a cozy gathering space, while a sitting room near the front entrance offers a welcoming place for guests. The second floor includes two bedrooms-one with an ensuite bathroom and the other with access to a 3/4 bath. On the top floor, a loft overlooks the living room and leads to the private primary suite with an ensuite bath and its own balcony with mountain views. Downstairs from the main level, you'll find a large laundry room with abundant cabinets and storage that connects directly to the attached one-car garage. This level also features a spacious bonus room, ideal as a rec room, gym, or game space. Interior finishes include a warm mix of wood, tile, and carpet flooring, complemented by a creative blend of drywall and exposed brick walls. Outdoors, native landscaping and pinon trees surrounds the home, while a private hot tub area under the stars and peaceful back patio offer ideal spaces to unwind. The property also includes a detached RV garage with workshop, topped with solar panels for added efficiency. Just minutes from downtown Salida, this distinctive home blends comfort and functionality-perfect for full-time living or a mountain getaway with adventure at your doorstep.
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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