39 BOOMERANG Rd Unit 8411-17 · Aspen, CO 81611

$75,000

2 bd · 2.5 ba · 1,444 sqft · Condo · 304 Days on market

Built 2001 $52/sqft · at area comps Est $73k · at est. $1899/mo HOA · 23% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +6.1/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

RARE HIGHLY SOUGHT AFTER WINTER PREFERRED MEMBERSHIP OPPORTUNITY AT THE RITZ-CARLTON CLUB, ASPEN HIGHLANDS. This beautiful two-bedroom, corner top-floor residence with a balcony offers views of THE TIEHACK MOUNTAIN AREA. This WINTER PREFERRED Membership annually provides THREE CONSECUTIVE Winter Weeks and one additional float week (TBD). INCREDIBLE UPCOMING PRE-ALLOCATION SCHEDULE... SPRING BREAK March 14- April 4, 2026, THANKSGIVING early season skiing Nov 28- Dec 19, 2026, then CHRISTMAS AND NEW YEAR'S Dec 18, 2026 - Jan 8th, 2027. The subsequent schedule follows right through the prime-time ski season. (see pre-allocation schedule in attached documents) OWNERS MAY REQUEST ALTERNATE DATES THROUGH THE RESERVATION SYSTEMS; NOT OBLIGATED TO FOLLOW ANY ALLOCATED SCHEDULE. The Ritz-Carlton Club Aspen Highlands is located at the base of Highlands Mountain, one of the premier ski resorts in North America. Only minutes away from the Maroon Bells Valley, one of the most photographed Mountain Ranges in the United States. The Club is a Ski-In, Ski-Out property. All the amenities you've come to enjoy at legendary Ritz-Carlton properties and more. Daily services, Club Restaurant, Health Club, and Spa: slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. Offers a Ritz Kids venue, an older children/adult game room, and a Member business center. Trading privileges with other Ritz-Carlton Club Residence properties in St. Thomas, Vail, Lake Tahoe, and San Francisco. Affiliations with 3rd Home and numerous selected 'ABOUND' MVCI locations offer additional vacation opportunities in exclusive locations. (The owner may enroll in these options) Photos are stock photos, not actual residence. All residences are similarly appointed.

Key facts

• $1,899 HOA
• Garage
• Built 2001

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath condo listed at $75k.

Deal economics

• At list price, monthly cash flow is $4k ($49k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#142 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, schools B+; Watch: amenities F, cost of living F, health & safety F.
• Aspen School District No. 1 In The County Of Pitkin And Sta (rural): math 36% / reading 56% proficiency, ranked #18 of 86 in CO (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 4% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+22.1%/yr); 324 active listings in the ZIP; solid renter incomes; 145 units permitted in Pitkin County in 2024 (89 in 5+ unit buildings).
• At $8,262/mo this rent would consume 120% of the median local household income ($83k/yr) (locally 566% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $8k of equity ($519 loan paydown + $8k appreciation (10.0% local appreciation)).
• Pitkin County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $21k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 304 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 304 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 11.02% ✓
• Cap rate: 72.04%
• Cash-on-cash: 234.82%
• DSCR: 11.45
• GRM: 0.8

CMA / ARV

• ARV (median comp): $72,810
• List price: $75,000
• Delta: 3.01%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 17.55×
• Total profit: $347,526
• Equity at exit: $67,566

10-year hold

• IRR: —
• Equity multiple: 45.21×
• Total profit: $928,318
• Equity at exit: $145,709

Cash invested: $21,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

ZIP-level market 81611

• Home prices YoY: 3.6%
• Rents YoY: 22.1%
• Active inventory: 324
• Price-to-rent: 0.8×

Monthly cashflow live

• Estimated rent: $8,262 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$1,899
• Vacancy / Maint / Mgmt: −$1,735
• Net cashflow: $4,109

Break-even live

Break-even rent $3,060

Max offer price $75,000

Occupancy floor 45%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $1,899 · $22,788/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-19
   days on market $75,000 Active 304 DOM
2. 2026-06-18
   days on market $75,000 Active 303 DOM
3. 2026-06-17
   days on market $75,000 Active 302 DOM
4. 2026-06-16
   days on market $75,000 Active 301 DOM
5. 2026-06-15
   days on market $75,000 Active 300 DOM
6. 2026-06-14
   days on market $75,000 Active 298 DOM
7. 2026-06-12
   days on market $75,000 Active 297 DOM
8. 2026-06-09
   days on market $75,000 Active 294 DOM
9. 2026-06-08
   days on market $75,000 Active 293 DOM
10. 2026-06-07
    days on market $75,000 Active 292 DOM
11. 2026-06-05
    days on market $75,000 Active 289 DOM
12. 2026-06-02
    days on market $75,000 Active 287 DOM
13. 2026-06-01
    days on market $75,000 Active 286 DOM
14. 2026-05-31
    days on market $75,000 Active 285 DOM
15. 2026-05-30
    days on market $75,000 Active 284 DOM
16. 2025-08-19
    status Active 1838-char remark

    Show marketing remark (1838 chars)

    RARE HIGHLY SOUGHT AFTER WINTER PREFERRED MEMBERSHIP OPPORTUNITY AT THE RITZ-CARLTON CLUB, ASPEN HIGHLANDS. This beautiful two-bedroom, corner top-floor residence with a balcony offers views of THE TIEHACK MOUNTAIN AREA. This WINTER PREFERRED Membership annually provides THREE CONSECUTIVE Winter Weeks and one additional float week (TBD). INCREDIBLE UPCOMING PRE-ALLOCATION SCHEDULE... SPRING BREAK March 14- April 4, 2026, THANKSGIVING early season skiing Nov 28- Dec 19, 2026, then CHRISTMAS AND NEW YEAR'S Dec 18, 2026 - Jan 8th, 2027. The subsequent schedule follows right through the prime-time ski season. (see pre-allocation schedule in attached documents) OWNERS MAY REQUEST ALTERNATE DATES THROUGH THE RESERVATION SYSTEMS; NOT OBLIGATED TO FOLLOW ANY ALLOCATED SCHEDULE. The Ritz-Carlton Club Aspen Highlands is located at the base of Highlands Mountain, one of the premier ski resorts in North America. Only minutes away from the Maroon Bells Valley, one of the most photographed Mountain Ranges in the United States. The Club is a Ski-In, Ski-Out property. All the amenities you've come to enjoy at legendary Ritz-Carlton properties and more. Daily services, Club Restaurant, Health Club, and Spa: slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. Offers a Ritz Kids venue, an older children/adult game room, and a Member business center. Trading privileges with other Ritz-Carlton Club Residence properties in St. Thomas, Vail, Lake Tahoe, and San Francisco. Affiliations with 3rd Home and numerous selected 'ABOUND' MVCI locations offer additional vacation opportunities in exclusive locations. (The owner may enroll in these options) Photos are stock photos, not actual residence. All residences are similarly appointed.

17. 2025-07-21
    listed $75,000 Active 1838-char remark

    Show marketing remark (1838 chars)

    RARE HIGHLY SOUGHT AFTER WINTER PREFERRED MEMBERSHIP OPPORTUNITY AT THE RITZ-CARLTON CLUB, ASPEN HIGHLANDS. This beautiful two-bedroom, corner top-floor residence with a balcony offers views of THE TIEHACK MOUNTAIN AREA. This WINTER PREFERRED Membership annually provides THREE CONSECUTIVE Winter Weeks and one additional float week (TBD). INCREDIBLE UPCOMING PRE-ALLOCATION SCHEDULE... SPRING BREAK March 14- April 4, 2026, THANKSGIVING early season skiing Nov 28- Dec 19, 2026, then CHRISTMAS AND NEW YEAR'S Dec 18, 2026 - Jan 8th, 2027. The subsequent schedule follows right through the prime-time ski season. (see pre-allocation schedule in attached documents) OWNERS MAY REQUEST ALTERNATE DATES THROUGH THE RESERVATION SYSTEMS; NOT OBLIGATED TO FOLLOW ANY ALLOCATED SCHEDULE. The Ritz-Carlton Club Aspen Highlands is located at the base of Highlands Mountain, one of the premier ski resorts in North America. Only minutes away from the Maroon Bells Valley, one of the most photographed Mountain Ranges in the United States. The Club is a Ski-In, Ski-Out property. All the amenities you've come to enjoy at legendary Ritz-Carlton properties and more. Daily services, Club Restaurant, Health Club, and Spa: slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. Offers a Ritz Kids venue, an older children/adult game room, and a Member business center. Trading privileges with other Ritz-Carlton Club Residence properties in St. Thomas, Vail, Lake Tahoe, and San Francisco. Affiliations with 3rd Home and numerous selected 'ABOUND' MVCI locations offer additional vacation opportunities in exclusive locations. (The owner may enroll in these options) Photos are stock photos, not actual residence. All residences are similarly appointed.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $99,139
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$7,931
• − Management: −$7,931
• − HOA: −$22,788
• − Depreciation: −$2,182
• Taxable income: $52,606
• Est. tax owed @ 24.0%: −$12,625
• After-tax cash flow: $36,687/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Aspen School District No. 1 In The County Of Pitkin And Sta
• NCES district ID: 0802280
• Math proficiency: 36% ▼ -5.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $66,694
• Composite: 40.98/100
• National rank: #3595
• State rank: #18 of 86 in CO

Livability — Aspen

• Score: 66/100
• State rank: #142
• US rank: #11780

Category grades

Amenities F Commute A+ Cost of living F Crime C+ Employment A+ Housing C Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aspen, CO
• County: Pitkin County · 9,068 people
• City population: 9,068
• Metro: Glenwood Springs, CO
• Population (ZIP): 9,068
• Household income: $82,664
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 566.0

Population outlook (Pitkin County) Hauer SSP2

• Today (2025): 20,121 people
• By 2030: 21,110 · +4.9%
• By 2040: 22,707 · +12.9%
• By 2050: 24,105 · +19.8%
• By 2075: 27,933 · +38.8%
• By 2100: 30,018 · +49.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Salvadoran 4%
• Common ancestry: Slovak 3% Iranian 3% Romanian 3%
• Foreign-born: 15% · Canada, Dominican Republic, China
• Languages at home: 82% English-only · Spanish 9% Other Indo-European 2% Chinese 2%

Political lean MEDSL · Pitkin

• 2024 margin: Solid D (+44.2) · D 71.0% · R 26.8% · Other 2.2%
• 2008→2024 swing: -4.6pp toward R · 2008: 48.8pp · 2024: 44.2pp
• All cycles: 2024: D+44.2 2020: D+51.9 2016: D+45.4 2012: D+37.9 2008: D+48.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.97%
• Current HPI: 370.9593
• Rent YoY: ▲ 22.07%
• Metro: Glenwood Springs, CO
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Price history

2 events — show timeline

• 2025-08-19 Relisted — AGMLS
• 2025-07-21 Listed $75,000 AGMLS