813 Corral Rd
About This Property
The lot is spacious, flat, and partially fenced, giving you a wide range of possibilities when it comes to building. A line of trees along the back of the property adds a nice touch of privacy and natural beauty.
Located in the Ranch of the Rockies (RORA) community in Hartsel, this property comes with a long list of perks. RORA features three large pastures for horse boarding, a community pavilion, a fully fenced dog park, a burn pit, a trash compactor, and even a stocked reservoir for fishing. Plus, all the roads are maintained by the county-so you'll have easy access year-round.
Love camping? You're in luck-RORA allows campers and even offers gated camper storage and a dump station.
You'll find yourself just 14 miles west of Hartsel, about 30 miles from Fairplay, and only 24 miles from Buena Vista. And if you're coming from the city, it's just a scenic hour-and-a-half drive from Colorado Springs.
Whether you're into fishing, hiking, off-roading, or just soaking in mountain views, this lot is your gateway to it all.
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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