197 PROSPECTOR Rd Unit 2312 FW 21, 22, 49 FL · Aspen, CO 81611

$49,500

3 bd · 3.0 ba · 1,737 sqft · Condo · 269 Days on market

Built 2001 $28/sqft · 6% above area Est $47k · 6% over $2089/mo HOA · 22% 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
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +5.0/5.0
• ARV discount +4.7/15.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

UNIQUE OFFERING FIXED WEEKS MIXED SEASON SUMMER MEMBERSHIP AT THE RITZ-CARLTON CLUB ASPEN IN A LARGE CORNER THREE-BEDROOM RESIDENCE. Residence 2312 Beautiful three-bedroom, three-bath residence with a large balconyThis Fixed Weeks Mixed Season Summer Membership annually provides for two fixed summer season weeks, #21 and # 22 late May early June and one winter season week, #49 early Decemeber plus one additional float week (TBD). The upcoming winter week is Dec 6-13, 2025 and the allocated summer weeks in 2026 are May 23- June 13, 2026. See the fixed week schedule in DOCUMENTS. The Fixed Weeks may be reallocated to other times through the reservation systems if so desired. 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 include the Club Restaurant, Health Club, Spa, and slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. It 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.) . Some photos are stock photos, not actual residences. All residences are similarly appointed. Aspen Recreation Center is just minutes away from the RCC Club. Picture of the Rec.Center in photos. Note: Owners are not obligated to follow pre-allocated schedules. Multiple exchange systems exist, allowing owners to exchange weeks with other owners and trade them for other properties. Taxes are included in the annual dues.

Key facts

• Ritz kids venue
• Hot tubs
• $2,089 HOA

Tags

• SKI-IN SKI-OUT PROPERTY
• SLOPE-SIDE OUTDOOR POOLS
• HOT TUBS
• YEAR-ROUND OWNER STORAGE
• RITZ KIDS VENUE
• MEMBER BUSINESS CENTER

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $50k.

Deal economics

• At list price, monthly cash flow is $5k ($62k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($10k rent vs $50k).
• Recommended offer: $44k (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 $9,575/mo this rent would consume 139% 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 $5k of equity ($342 loan paydown + $5k 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 $14k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 269 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

Recommended offer $43,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 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: 19.34% ✓
• Cap rate: 130.74%
• Cash-on-cash: 444.44%
• DSCR: 20.77
• GRM: 0.4

CMA / ARV

• ARV (median comp): $46,647
• List price: $49,500
• Delta: 6.12%
• 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: 30.29×
• Total profit: $405,929
• Equity at exit: $44,594

10-year hold

• IRR: —
• Equity multiple: 77.95×
• Total profit: $1,066,491
• Equity at exit: $96,168

Cash invested: $13,860 (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: 0.4×

Monthly cashflow live

• Estimated rent: $9,575 medium
• Mortgage (P&I): −$260
• Tax est. 1.5%: −$62 /mo · $742/yr
• Insurance: −$21
• HOA: −$2,089
• Vacancy / Maint / Mgmt: −$2,011
• Net cashflow: $5,133

Break-even live

Break-even rent $3,077

Max offer price $49,500

Occupancy floor 41%

Sensitivity live

Price	-10% $5,167	-5% $5,150	+0% $5,133	+5% $5,116	+10% $5,099
Rent	-10% $4,377	-5% $4,755	+0% $5,133	+5% $5,511	+10% $5,890
Rate	-1.0pp $5,158	-0.5pp $5,146	base $5,133	+0.5pp $5,120	+1.0pp $5,107

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: $12,375
• Closing costs: $1,485
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $2,089 · $25,068/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-19
   days on market $49,500 Active 269 DOM
2. 2026-06-18
   days on market $49,500 Active 268 DOM
3. 2026-06-17
   days on market $49,500 Active 267 DOM
4. 2026-06-16
   days on market $49,500 Active 266 DOM
5. 2026-06-15
   days on market $49,500 Active 265 DOM
6. 2026-06-14
   days on market $49,500 Active 263 DOM
7. 2026-06-12
   days on market $49,500 Active 262 DOM
8. 2026-06-09
   days on market $49,500 Active 259 DOM
9. 2026-06-08
   days on market $49,500 Active 258 DOM
10. 2026-06-07
    days on market $49,500 Active 257 DOM
11. 2026-06-05
    days on market $49,500 Active 254 DOM
12. 2026-06-02
    days on market $49,500 Active 252 DOM
13. 2026-06-01
    days on market $49,500 Active 251 DOM
14. 2026-05-31
    days on market $49,500 Active 250 DOM
15. 2026-05-30
    days on market $49,500 Active 249 DOM
16. 2025-12-04
    price $49,500 2065-char remark

    Show marketing remark (2065 chars)

    UNIQUE OFFERING FIXED WEEKS MIXED SEASON SUMMER MEMBERSHIP AT THE RITZ-CARLTON CLUB ASPEN IN A LARGE CORNER THREE-BEDROOM RESIDENCE. Residence 2312 Beautiful three-bedroom, three-bath residence with a large balconyThis Fixed Weeks Mixed Season Summer Membership annually provides for two fixed summer season weeks, #21 and # 22 late May early June and one winter season week, #49 early Decemeber plus one additional float week (TBD). The upcoming winter week is Dec 6-13, 2025 and the allocated summer weeks in 2026 are May 23- June 13, 2026. See the fixed week schedule in DOCUMENTS. The Fixed Weeks may be reallocated to other times through the reservation systems if so desired. 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 include the Club Restaurant, Health Club, Spa, and slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. It 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.) . Some photos are stock photos, not actual residences. All residences are similarly appointed. Aspen Recreation Center is just minutes away from the RCC Club. Picture of the Rec.Center in photos. Note: Owners are not obligated to follow pre-allocated schedules. Multiple exchange systems exist, allowing owners to exchange weeks with other owners and trade them for other properties. Taxes are included in the annual dues.

17. 2025-10-23
    price $29,500 2065-char remark

    Show marketing remark (2065 chars)

    UNIQUE OFFERING FIXED WEEKS MIXED SEASON SUMMER MEMBERSHIP AT THE RITZ-CARLTON CLUB ASPEN IN A LARGE CORNER THREE-BEDROOM RESIDENCE. Residence 2312 Beautiful three-bedroom, three-bath residence with a large balconyThis Fixed Weeks Mixed Season Summer Membership annually provides for two fixed summer season weeks, #21 and # 22 late May early June and one winter season week, #49 early Decemeber plus one additional float week (TBD). The upcoming winter week is Dec 6-13, 2025 and the allocated summer weeks in 2026 are May 23- June 13, 2026. See the fixed week schedule in DOCUMENTS. The Fixed Weeks may be reallocated to other times through the reservation systems if so desired. 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 include the Club Restaurant, Health Club, Spa, and slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. It 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.) . Some photos are stock photos, not actual residences. All residences are similarly appointed. Aspen Recreation Center is just minutes away from the RCC Club. Picture of the Rec.Center in photos. Note: Owners are not obligated to follow pre-allocated schedules. Multiple exchange systems exist, allowing owners to exchange weeks with other owners and trade them for other properties. Taxes are included in the annual dues.

18. 2025-09-17
    listed $49,500 Active 2065-char remark

    Show marketing remark (2065 chars)

    UNIQUE OFFERING FIXED WEEKS MIXED SEASON SUMMER MEMBERSHIP AT THE RITZ-CARLTON CLUB ASPEN IN A LARGE CORNER THREE-BEDROOM RESIDENCE. Residence 2312 Beautiful three-bedroom, three-bath residence with a large balconyThis Fixed Weeks Mixed Season Summer Membership annually provides for two fixed summer season weeks, #21 and # 22 late May early June and one winter season week, #49 early Decemeber plus one additional float week (TBD). The upcoming winter week is Dec 6-13, 2025 and the allocated summer weeks in 2026 are May 23- June 13, 2026. See the fixed week schedule in DOCUMENTS. The Fixed Weeks may be reallocated to other times through the reservation systems if so desired. 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 include the Club Restaurant, Health Club, Spa, and slope-side outdoor pools and hot tubs. Year-round owner storage and valet-serviced underground parking while in residence. It 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.) . Some photos are stock photos, not actual residences. All residences are similarly appointed. Aspen Recreation Center is just minutes away from the RCC Club. Picture of the Rec.Center in photos. Note: Owners are not obligated to follow pre-allocated schedules. Multiple exchange systems exist, allowing owners to exchange weeks with other owners and trade them for other properties. Taxes are included in the annual dues.

ⓘ 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: $114,901
• − Mortgage interest: −$2,773
• − Property taxes: −$742
• − Insurance: −$248
• − Repairs & maintenance: −$9,192
• − Management: −$9,192
• − HOA: −$25,068
• − Depreciation: −$1,440
• Taxable income: $66,246
• Est. tax owed @ 24.0%: −$15,899
• After-tax cash flow: $45,700/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

+0.0% since first listed

3 events — show timeline

• 2025-12-04 Price Changed $49,500 AGMLS
• 2025-10-23 Price Changed $29,500 AGMLS
• 2025-09-17 Listed $49,500 AGMLS