7305 County Road 160
About This Property
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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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by Pinon Real Estate Group LLC | $1,495,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| Jul 1, 2024 | Listed | $1,740,000 | |
| Listed | |||
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Prime development opportunity on the mesa at the edge of town. Bordered on two sides by R2 zoned neighborhoods, this parcel sits within the City of Salida's Future Land Use Map for residential development. City water across the street, City sewer at the property line. Annex into the City with the potential to subdivide into 12 single-family residential lots or 24 multi-family residential lots with R2 zoning. Level building site with commanding views of the valley and Collegiate Peaks. Property also includes a 672 sq ft remodeled one bed / one bath home for residence, rental, or sales / development office. Connected to City trail system, easy walk / bike to golf course and downtown. Preliminary development plans and surveys available. Buyers are recommended to confirm details of annexation, potential zoning and permitted uses directly with City of Salida.
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| Feb 11, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017