1945 Cornice Dr #2431Steamboat 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 1945 Cornice Dr #2431, Steamboat Springs, CO, 80487 earns from $3,810/mo rent with a $3,279/mo payment. Total monthly income totals $3,810/mo. ROI tracks 19.55% on current figures, and rental yield reads 6.82% at a $670,000 purchase. Equity gained on principal adds $4,323/yr, and 5% annual appreciation supports $185,109 over five years. Five-year ROI reaches 100.38% and total cumulative return in cash sums $221,273. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,810/mo property income instead of your personal income.
Condo
Built in 1974
0.26 Acres 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: Loui Antonucci • Steamboat Mountain Real Estate
Mls Name: Altitude Realtors
Mls ID: #S1061603