12 Balsam Ct #12Steamboat SpringsCO80487
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Steamboat Springs at 12 Balsam Ct #12, Steamboat Springs, CO, 80487 offers $4,720/mo rent that, after a $2,785/mo payment, leaves $569/mo cash flow. Total monthly income is $4,720/mo, and annual cash flow is $6,823/yr on $187,201 cash. Return on cash invested measures 23.71% in year one, and rental yield stands at 9.95% at a $569,000 entry. Equity gained on principal adds $3,672/yr while 5% annual appreciation compounds into $157,204 by year five. Five-year ROI records 124.63% and total cumulative return in cash reaches $233,303. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,720/mo property income versus a $2,785/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
570.64 sqft lot
$N/A/sqft
$10,024 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80487, Steamboat Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,323 (100%) |
| Owner Occupied HU | 5,350 (40.2%) |
| Renter Occupied HU | 2,508 (18.8%) |
| Vacant Housing Units | 5,465 (41.0%) |
| Median Home Value | $1,062,795 |
| Average Home Value | $1,204,095 |
Housing Distribution
Address Breakdown
Residential
7,374
Single Family
7,278
Multi-Family
96
Businesses
709
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Listed by: Lisa Olson • Steamboat Sotheby's International Realty
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1053288
Disclaimer: Copyright 2024 Altitude Realtors. The information displayed herein was derived from sources believed to be accurate, but has not been verified by Altitude Realtors. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the SAR MLS is strictly prohibited.