8653 N Teacup Rd
About This Property
Wildlife is abundant frequent sightings of deer, turkey, elk, and a variety of birds make this property ideal for those seeking a peaceful retreat, recreational use, or simply the joy of watching nature unfold right outside your door.
A prime, buildable site near the front of the property provides ease of access while still maintaining privacy and capturing the surrounding views. Whether you're envisioning a custom home, a weekend escape, or a place to roam and explore, this land delivers.
Enjoy hiking your own acreage and the tranquility of wide-open space, all while being conveniently located just 10 minutes from the town of Elbert. Easy access to Peyton and Falcon via Elbert Road to Highway 24 makes commuting or running into town simple and efficient.
If you've been searching for land that offers both usability and that "wow, this is it" feeling this is your opportunity.
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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