503 Red Lady Avenue #102 & 103Crested ButteCO81224
INVESTMENT ANALYSIS
Investment Verdict
Solid Income503 Red Lady Avenue #102 & 103, Crested Butte, CO, 81224 in Crested Butte is a solid income-producing rental, 8.11% gross yield, $5,400/mo rent, $744/mo net cash flow on a $799,000 buy. DSCR 1.50 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $220,749 and $7,359/yr in principal reduction project a total cumulative return of $349,587.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.5% |
| Monthly Cash Flow | $744 | $1,200 |
City averages based on Crested Butte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,400 |
| Total Monthly Debt Service | $4,339 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1994
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
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
Condo
Built in 1994
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ross Tunkey • Bluebird Real Estate, LLC
Mls Name: CREN
Mls ID: #828685