503 Red Lady Avenue #103Crested 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
Total monthly income runs $2,359/mo, and a $3,617/mo payment. Purchase price stands at $739,000, and rental yield measures 3.83% with $2,359/mo rent. Return on cash invested shows 10.45% in year one, and 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 51.6% and total cumulative return in cash records $125,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,359/mo property income covering a $3,617/mo payment rather than investor’s personal income.
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
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Listed by: Ross Tunkey • Bluebird Real Estate, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #824592
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.