9812 W Cherokee Dr
About This Property
Deck has a fantastic views to the west with an unobstructed view of Mt Antero, the Sangre de Cristo mountains, the Colligate Peaks mountains and the Arkansas River Valley.
The large property has xeriscape areas with a flagstone path and decorative rock, a cobblestone lined circular driveway and a large elevated timber garden box. Cultivate your green thumb and grow your own veggies. There is a high producing augmented well that allows for outside watering. There is also plenty of space for parking an RV out back. Separate 50, 30 and 20 amp outlet for hooking up an RV.
The home Located just 3 miles from Downtown Salida and within 2 miles of Heart of the Rockies Regional Medical Center.
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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