1380 Athens Plz UNIT 7Steamboat 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 1380 Athens Plz UNIT 7, Steamboat Springs, CO, 80487 uses $122,655 cash to close to unlock $2,148/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,811/mo payment keeps the spread at $179/mo. Purchase price stands at $370,000, and rental yield measures 8.93% with $2,752/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 113.22% and total cumulative return in cash records $138,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Condo
Built in 1977
7,126 sqft lot
$N/A/sqft
$5,000 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: Matt Kaufmann • RE/MAX Partners
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1055199
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