304 Illinois Gulch Rd UNIT 204BreckenridgeCO80424
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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 Breckenridge at 304 Illinois Gulch Rd UNIT 204, Breckenridge, CO, 80424 uses $160,778 cash to close to unlock $6,040/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $3,330/mo, and a $2,374/mo payment keeps the spread at $503/mo. Purchase price stands at $485,000, and rental yield measures 8.24% with $3,330/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 122.53% and total cumulative return in cash records $196,994. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,330/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Condo
Built in 1995
2.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80424, Breckenridge, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,852 (100%) |
| Owner Occupied HU | 2,763 (23.3%) |
| Renter Occupied HU | 1,670 (14.1%) |
| Vacant Housing Units | 7,419 (62.6%) |
| Median Home Value | $1,188,279 |
| Average Home Value | $1,239,094 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
583
Multi-Family
0
Businesses
658
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Listed by: Jason Himmelman • Breckenridge Associates R.E.
Mls Name: Altitude Realtors
Mls ID: #S1062059