1875 Medicine Springs Dr #4107Steamboat 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 1875 Medicine Springs Dr #4107, Steamboat Springs, CO, 80487 listed at $1,750,000 pairs $5,812/mo rent with a $8,565/mo payment. Total monthly income runs $5,812/mo. Return on cash invested measures 7.16% in year one, and rental yield registers 3.99% at a $1,750,000 basis. Equity gained on principal adds $11,292/yr, and annual property appreciation at 5% supports $483,493 by year five. Five-year ROI tracks 35.32% and total cumulative return in cash totals $200,241. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,812/mo property income relative to a $8,565/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
0.37 Acres lot
$N/A/sqft
$22,260 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: Charlie Dresen • The Group Real Estate, LLC
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1056263
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