31 Castle Road Unit 5Crested 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
Rental property for sale in Crested Butte at 31 Castle Road Unit 5, Crested Butte, CO, 81224 priced at $450,000 pairs $1,972/mo rent with after a $2,203/mo payment. Total monthly income equals $1,972/mo. Return on cash invested is 14.67% in year one, and rental yield stands at 5.26% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 74.27% and total cumulative return in cash reaches $110,790. For financing, Ziffy Mortgage’s DSCR program evaluates $1,972/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
N/A 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: Sigrid Cottrell • Crested Butte Realty Company
Mls Name: CREN
Mls ID: #830188