256 Elcho Ave UNIT BCrested 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
Investment property for sale in Crested Butte at 256 Elcho Ave UNIT B, Crested Butte, CO, 81224 with 5% annual appreciation on a $1,025,000 basis while $4,564/mo rent supports operations. 28% in year one. Equity gained on principal adds $6,614/yr, and five-year appreciation sums $283,189 alongside rental yield of 5.34%. Five-year ROI measures 77.42% and total cumulative return in cash totals $257,116. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,564/mo property income versus a $5,017/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2022
1,306 sqft 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: Channing Boucher • LIV Sotheby's International Realty - CB
Mls Name: CREN
Mls Provider:
Mls ID: #821869
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.