8500 Windmill Lane
About This Property
This property allows for Horses and is an Open Space community. The land has one of twelve active Irrigation Rights from the Historic Missouri Park ditch. The gentle slope of this land, overlooking Windmill Ranch, allows for a simple home build with expansive views - on a paved road. Come take a look at the value of this Farm and Ranch Property - close to all the amenities of Monarch, Buena Vista and Salida. A domestic Well Augmentation Certificate will be included in the purchase - practical HOA guidelines allow for independence at only $100 dues per year. Seller will pay $1200 towards title fees and closing.
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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 |
|---|---|---|---|
| Sep 19, 2022 | Sold | ||
| Sold | |||
| Aug 12, 2022 | Listed by Colorado Mountain Realty | $259,000 | |
| Listed by Colorado Mountain Realty | |||
| Nov 3, 2019 | No longer available | - | |
| No longer available | |||
| Nov 1, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2019 | Price Decreased |
$110,000
↓ $9K
(7.6%) | |
| Price Decreased | |||
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Address: 335 Madison Avenue, New York, NY 10017