2 Elcho Avenue #10Crested ButteCO81224
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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 Crested Butte at 2 Elcho Avenue #10, Crested Butte, CO, 81224 priced at $665,000 pairs $4,420/mo rent with $544/mo cash flow after a $3,255/mo payment. Total monthly income equals $4,420/mo, and annual cash flow comes to $6,532/yr on $218,785 invested. Return on cash invested is 23.05% in year one, and rental yield stands at 7.98% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. Five-year ROI measures 119.17% and total cumulative return in cash reaches $260,719. For financing, Ziffy Mortgage’s DSCR program evaluates $4,420/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81224, Crested Butte, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 1,236 (40.1%) |
| Renter Occupied HU | 599 (19.4%) |
| Vacant Housing Units | 1,250 (40.5%) |
| Median Home Value | $866,728 |
| Average Home Value | $1,049,937 |
Housing Distribution
Address Breakdown
Residential
686
Single Family
686
Multi-Family
0
Businesses
351
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Listed by: Jesse Ebner • Signature Properties Ebner & Associates, LLC
Mls Name: CREN
Mls ID: #825441