3 Cedar Ct #3Steamboat 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 3 Cedar Ct #3, Steamboat Springs, CO, 80487 priced at $649,000 pairs $4,720/mo rent with after a $3,177/mo payment. Total monthly income equals $4,720/mo. Return on cash invested is 19.16% in year one, and rental yield stands at 8.73% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 100.57% and total cumulative return in cash reaches $214,740. For financing, Ziffy Mortgage’s DSCR program evaluates $4,720/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1980
570.64 sqft lot
$N/A/sqft
$13,164 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: Angela Ashby • NextHome Mountain Properties
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1056622
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