3188 Ingles Ln #E-3Steamboat SpringsCO80487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3188 Ingles Ln #E-3, Steamboat Springs, CO, 80487 offers a 7.96% rental yield on a $599,000 purchase with $3,974/mo rent. Total monthly income registers $3,974/mo, and a $2,932/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $55/yr on $197,071 to close, and return on cash invested stands at 20.09% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 104.35% and total cumulative return in cash at $205,642. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,974/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1994
1,058 sqft lot
$N/A/sqft
$5,740 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Mae Hoots • NextHome Mountain Properties
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1056188
Disclaimer: Copyright 2025 Altitude Realtors. The information displayed herein was derived from sources believed to be accurate, but has not been verified by Altitude Realtors. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the SAR MLS is strictly prohibited.