1340 Athens Plz UNIT 5Steamboat 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 1340 Athens Plz UNIT 5, Steamboat Springs, CO, 80487 generates $2,852/mo in rent and, after a $1,958/mo payment, leaves $87/mo in cash flow. Total monthly income is $2,852/mo, and annual cash flow is $1,048/yr on $132,600 invested. Return on cash invested sits at 20.7% in year one, and rental yield is 8.56% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 108.05% and total cumulative return in cash sums $143,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,852/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$5,200 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: Robert Yazbeck • Coldwell Banker Mountain Properties
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1057756
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