1340 Athens Plz UNIT 16Steamboat 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 1340 Athens Plz UNIT 16, Steamboat Springs, CO, 80487 uses $117,683 cash to close to unlock $1,040/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $2,611/mo, and a $1,738/mo payment keeps the spread at $87/mo. Purchase price stands at $355,000, and rental yield measures 8.83% with $2,611/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 108.79% and total cumulative return in cash records $128,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,611/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Condo
Built in 1978
6,237 sqft lot
$N/A/sqft
$5,460 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: Alex Pond Team • The Steamboat Group
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1059601
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