6870 Larimer Rd
About This Property
The town of Hartsel is only 10 minutes away for quick supplies, or Fairplay and Buena vista are both under 45 minutes for more dining options and supplies. Breckenridge is also about an hour away if you'd like to spend a day skiing on the slopes. Cell reception is surprisingly good in this area, and the open terrain makes solar options viable. Dig a well, install septic, build a home, and start living the peaceful simple life you have always dreamed of! There are no improvements on this parcel at this 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