21 Balsam Ct #21Steamboat 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
Rental property for sale in Steamboat Springs at 21 Balsam Ct #21, Steamboat Springs, CO, 80487 priced at $550,000 pairs $4,720/mo rent with $418/mo cash flow after a $2,692/mo payment. Total monthly income equals $4,720/mo, and annual cash flow comes to $5,014/yr on $180,950 invested. Return on cash invested is 22.83% in year one, and rental yield stands at 10.3% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 120.63% and total cumulative return in cash reaches $218,278. For financing, Ziffy Mortgage’s DSCR program evaluates $4,720/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1980
570.64 sqft lot
$N/A/sqft
$13,162 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: Dylan Davidson • RE/MAX Partners
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1057250
Disclaimer: Copyright 2025 Altitude Realtors. The information displayed herein was derived from sources believed to be accurate, but has not been verified by Altitude Realtors. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the SAR MLS is strictly prohibited.