2885 Chinook Ln UNIT A-24Steamboat 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 2885 Chinook Ln UNIT A-24, Steamboat Springs, CO, 80487 offers a 8.42% rental yield on a $760,000 purchase with $5,335/mo rent. Total monthly income registers $5,335/mo, and a $3,720/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $316/yr on $250,040 to close, and return on cash invested stands at 20.19% in year one. Equity gained on principal adds $4,904/yr while 5% annual appreciation supports $209,974 over five years. Portfolio math shows five-year ROI at 105.36% and total cumulative return in cash at $263,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,335/mo property income against a $3,720/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
4,909 sqft lot
$N/A/sqft
$10,552 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: Kathy Wichelhaus • Exp Realty LLC
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1056860
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