639 15th Trl
About This Property
Additional improvements include a drilled well, installed septic system, and 220V power already in place saving substantial time, expense, and development effort.
The land is open, usable, and offers plenty of room to build, expand, park recreational vehicles, or simply enjoy the privacy and wide-open surroundings. An RV is included and already set up, allowing immediate use and enjoyment of the property while you plan your next steps. Conveniently located approximately 30 minutes from Canon City and Westcliffe and about 45 minutes from Salida, this property offers an ideal balance of accessibility and peaceful rural living. Bring your plans, your vision, and make it your own.
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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 |
|---|---|---|---|
| May 25, 2026 | Price Decreased |
$265,000
↓ $14K
(5%) | |
| Price Decreased | |||
| Apr 1, 2026 | Price Decreased |
$279,000
↓ $21K
(7%) | |
| Price Decreased | |||
| Feb 14, 2026 | Listed | $299,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017