465 Tamarack Dr UNIT 210BSteamboat 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 465 Tamarack Dr UNIT 210B, Steamboat Springs, CO, 80487 generates $4,115/mo in rent and, after a $3,010/mo payment, leaves $531/mo in cash flow. Total monthly income is $4,115/mo, and annual cash flow is $6,372/yr on $202,335 invested. Return on cash invested sits at 23.21% in year one, and rental yield is 8.03% on a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 120.02% and total cumulative return in cash sums $242,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,115/mo property income rather than buyer’s personal income.
Condo
Built in 1975
0.47 Acres lot
$N/A/sqft
No 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: Amy O'Rourke • Amy O'Rourke Real Estate
Mls Name: Altitude Realtors
Mls ID: #S1061530