1805 River Queen Ln #303Steamboat 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 1805 River Queen Ln #303, Steamboat Springs, CO, 80487 uses $240,170 cash to close to unlock $8,492/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $4,962/mo, and a $3,573/mo payment keeps the spread at $708/mo. Purchase price stands at $730,000, and rental yield measures 8.16% with $4,962/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $201,686 over five years. Five-year ROI reaches 122.1% and total cumulative return in cash records $293,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,962/mo property income covering a $3,573/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Barkley Robinson • Steamboat Sotheby's International Realty
Mls Name: Altitude Realtors
Mls ID: #S1062219