8367 Longhorn Dr
About This Property
Enjoy an unbeatable location with convenient access to the Arkansas River just across the road, where you can enjoy a relaxing walk, paddle boarding, fishing or simply taking in the beauty of the river, Franz Lake and the mountains. The walking trail follows the riverbanks all the way into downtown Salida.
Downtown Salida is just minutes away, offering popular restaurants, unique boutiques, art galleries, year-round festivals, and endless recreation. The property includes electricity to the lot and a well Augmentation Certificate, making it even easier to begin planning your custom home.
Whether you're looking for a full-time residence or a mountain getaway, this remarkable property combines spectacular scenery, outdoor adventure, and convenient access to one of Colorado's most vibrant mountain towns. Don't miss this opportunity to create your ideal Colorado lifestyle in Longhorn Ranch.
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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