826 H St
About This Property
These two homes are on a large lot on H Street, a coveted quiet street and are walking distance to Historic downtown Salida, just one block to the elementary school, only a few blocks to Alpine Park as well as just a few blocks to the Monarch Spur walking trail.
Of the two homes, the bigger house is 834 sq ft, with a living room, dining or office area, 2 bedrooms, kitchen, bath (3/4) and enclosed back porch with a washer and dryer. This home has some hardwood floors, a bay window and shares the backyard with the other house.
The smaller house is 648 sq ft and has been recently remodeled. Large living room, large bedroom with a bay window, kitchen with an eat in area, full bath, stackable washer and dryer and shared private yard. Current combined rent for both houses is $2250, which is below market rate.
The large front yard is currently a pump track, which could be enjoyed or easily removed to make room to build on to one of the homes. Contact the City of Salida for building requirements.
Call today for a showing (note 24 hours notice is required for the tenants). The possibilities and location are unbeatable!
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Cap Rate Calculator
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 27, 2024 | Sold | ||
| Sold | |||
| Nov 15, 2024 | Price Decreased |
$614,995
↓ $34K
(5.2%) | |
| Price Decreased | |||
| Nov 15, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Price Decreased |
$649,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Jun 6, 2024 | Price Increased |
$668,989
↑ $54K
(8.8%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017