2275 Storm Meadows Drive #54Steamboat 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 2275 Storm Meadows Drive #54, Steamboat Springs, CO, 80487 listed at $700,000 pairs $3,030/mo rent with a $3,426/mo payment. Total monthly income runs $3,030/mo. Return on cash invested measures 14.59% in year one, and rental yield registers 5.19% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 73.82% and total cumulative return in cash totals $170,008. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,030/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
6,002 sqft 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: Michelle Garner • Exp Realty LLC
Mls Name: Altitude Realtors
Mls ID: #S1061695