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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 |
|---|---|---|---|
| Dec 3, 2024 | Price Decreased |
$205,000
↓ $34K
(14.2%) | |
| Price Decreased | |||
| Oct 4, 2024 | Price Decreased |
$239,000
↓ $1K
(0.4%) | |
| Price Decreased | |||
| Aug 15, 2024 | Listed | $240,000 | |
| Listed | |||
| | |||
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Discover the perfect blend of comfort and potential at 686 9th Street in the heart of Limon, Colorado! This inviting 3-bedroom, 2-bathroom home offers 1,248 sq. ft. of well-designed living space, ideal for both relaxation and entertaining.
Key Highlights:
Modern Updates: Enjoy a sturdy roof replaced just 7 years ago, along with a reliable HVAC system featuring a furnace and possibly an AC unit replaced within the last 5-7 years.
Stylish Living Area: The living room is adorned with contemporary vinyl flooring, installed only 3 years ago, creating a welcoming atmosphere for family gatherings and cozy nights in.
Room for Customization: The hot water tank is due for replacement, allowing you to select a unit that meets your needs and preferences.
Prime Location:
Situated in a friendly neighborhood, this home is just minutes away from local amenities, parks, and schools, making it a fantastic choice for families and individuals alike. Experience the charm of small-town living with easy access to everything you need!
Don't Miss Out!
This property offers incredible potential for first-time buyers or investors looking to make a smart purchase. Schedule your showing today and envision your future in this lovely Limon home.
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| Apr 6, 2022 | Sold | ||
| Sold | |||
| Oct 18, 2021 | Listed | $210,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017