9340 County Road 178A
About This Property
Upstairs is the primary suite with full bathroom and a loft open to below. Downstairs is a quiet flex space / family room / craft room / office and attached two car garage. The roof was new in 2022, as was the net-meter solar system - the power bill for February 2024 was $8. The half-acre corner lot offers privacy and is an easy 1.2 miles to downtown and the Arkansas River. The vacant lot below cannot be built on.
The property has no traditional HOA, and no covenants. There is an association for managing the community water system. Some furnishings negotiable.
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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%.
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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 |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Mar 18, 2024 | Listed by Pinon Real Estate Group LLC | $878,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| | |||
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Majestic mountain views from this three bedroom, two bath home with three living areas on a half-acre corner lot minutes to downtown Salida. The main level features a light-filled kitchen with breakfast bar, separate dining area, two bedrooms, full bathroom, and living room. A ranch slider opens onto a deck that wraps around the south and west side of the house, with expansive views of the valley, Arkansas River, and the Sangre de Cristo and Sawatch mountain ranges beyond. Lots of storage space.
Upstairs is the primary suite with full bathroom and a loft open to below. Downstairs is a quiet flex space / family room / craft room / office and attached two car garage. The roof was new in 2022, as was the net-meter solar system - the power bill for February 2024 was $8. The half-acre corner lot offers privacy and is an easy 1.2 miles to downtown and the Arkansas River. The vacant lot below cannot be built on.
The property has no traditional HOA, and no covenants. There is an association for managing the community water system. Some furnishings negotiable.
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| Oct 5, 2017 | Sold | ||
| Sold | |||
| Oct 26, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017