1315 Sparta Plz UNIT 8Steamboat 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
Investment property for sale in Steamboat Springs at 1315 Sparta Plz UNIT 8, Steamboat Springs, CO, 80487 earns $191/mo cash flow from $3,388/mo rent with a $2,349/mo payment. Total monthly income totals $3,388/mo, and annual cash flow totals $2,292/yr on $159,120 capital. ROI tracks 21.35% on current figures, and rental yield reads 8.47% at a $480,000 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 over five years. Five-year ROI reaches 111.17% and total cumulative return in cash sums $176,897. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,388/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$4,800 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: Lea Novgrad • SSC & Company llc
Mls Name: AGSMLS
Mls ID: #183824
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.