5
Map
883 Hoover Cir
About This Property
Located just minutes from Salida and approximately 20 minutes from Monarch Mountain, this property puts some of Colorado's best outdoor recreation within easy reach. Spend your days skiing at Monarch, hiking or mountain biking nearby trails, fishing and rafting on the Arkansas River, or enjoying the shops, restaurants and historic downtown of Salida.
With a generous, level homesite and convenient access to both town and the mountains, 883 Hoover Circle offers a great opportunity to build in Poncha Springs and enjoy the Colorado lifestyle year-round. Bring your plans, your builder and your vision for mountain living.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | Listed | $159,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017