1400 E Valley Rd #1 · Basalt, CO 81621

$217,200

1 bd · 1.0 ba · 620 sqft · Condo public records · 4 Days on market

Built 2003 $305/mo HOA · 10% of rent

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Why this score? — see what drove the B+ 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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.6/10.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Town of Basalt - Deed restricted and lottery will determine winner if there is more than one qualified buyer. Please see website below for more details about buyer qualifications: https://basalt.net/562/Basalt-Affordable-Community-Housing-BACH

Key facts

• $305 HOA
• Parking
• Built 2003

Property features AI

Finance

• Other: Includes window coverings
• HOA & community: HOA with monthly fee of $305; HOA covers unit heat, insurance, trash, and management; Community amenities include a fitness center; Pets allowed for owners and renters

Exterior

• Parking: Assigned parking
• Home design: Condominium; Not a model home
• Construction: Slab foundation; Not new construction
• Exterior features: Faces west

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Unfurnished; Good condition
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $217k.

Deal economics

• At list price, monthly cash flow is $878 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $217k).
• Cap rate 11.1% vs local median 0.3% in Basalt — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#143 in CO) — a middle-class / working-renter tenant base. Strengths: employment A+, crime B+, commute B; Watch: schools D+, amenities F, cost of living F.
• Roaring Fork School District No. Re-1 (town): math 28% / reading 39% proficiency, ranked #37 of 86 in CO (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 148 active listings in the ZIP; solid renter incomes; 387 units permitted in Eagle County in 2024 (256 in 5+ unit buildings).
• This rent runs 36% of the median local income ($105k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $23k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• Eagle County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $61k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,200

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.46% ✓
• Cap rate: 11.14%
• Cash-on-cash: 17.33%
• DSCR: 1.77
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.2%
• Equity multiple: 3.87×
• Total profit: $174,336
• Equity at exit: $195,671

10-year hold

• IRR: 32.0%
• Equity multiple: 8.72×
• Total profit: $469,655
• Equity at exit: $421,972

Cash invested: $60,816 (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 81621

• Home prices YoY: 2.4%
• Active inventory: 148
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $3,162 medium
• Mortgage (P&I): −$1,139
• Tax from tax record: −$85 /mo · $1,024/yr
• Insurance: −$90
• HOA: −$305
• Vacancy / Maint / Mgmt: −$664
• Net cashflow: $878

Break-even live

Break-even rent $2,050

Max offer price $217,200

Occupancy floor 67%

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: $54,300
• Closing costs: $6,516
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $305 · $3,660/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-06-12
   days on market $217,200 Active 4 DOM
2. 2026-06-09
   remarks 244-char remark
3. 2026-06-09
   listed $217,200 Active 1 DOM

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

Tax reassessment forecast CO · Resets to sale price

• Current annual tax: $1,024 · $85/mo
• Projected year-2 tax: $1,195 · $100/mo
• Expected delta: +$171/yr (+$14/mo · 16.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 10 d/yr ≥87°F today · 26 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,943
• − Mortgage interest: −$12,167
• − Property taxes: −$1,024
• − Insurance: −$1,086
• − Repairs & maintenance: −$3,035
• − Management: −$3,035
• − HOA: −$3,660
• − Depreciation: −$6,319
• Taxable income: $7,617
• Est. tax owed @ 24.0%: −$1,828
• After-tax cash flow: $8,708/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: Roaring Fork School District No. Re-1
• NCES district ID: 0804260
• Math proficiency: 28% ▼ -3.00%
• Reading proficiency: 39% ▼ -2.00%
• Median HH income: $67,893
• Composite: 30.78/100
• National rank: #6150
• State rank: #37 of 86 in CO

Livability — Basalt

• Score: 66/100
• State rank: #143
• US rank: #11867

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Basalt, CO
• County: Eagle County · 42,178 people
• City population: 6,550
• Metro: Edwards, CO
• Population (ZIP): 6,550
• Household income: $104,754
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 21.0

Population outlook (Eagle County) Hauer SSP2

• Today (2025): 57,837 people
• By 2030: 59,258 · +2.5%
• By 2040: 60,698 · +4.9%
• By 2050: 60,206 · +4.1%
• By 2075: 54,326 · -6.1%
• By 2100: 47,000 · -18.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 18% Two or more races 11%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 5% Slovak 4% Lithuanian 4%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 16% French/Haitian/Cajun 3% German/W. Germanic 2%

Political lean MEDSL · Eagle

• 2024 margin: Strong D (+24.4) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +1.3pp toward D · 2008: 23.1pp · 2024: 24.4pp
• All cycles: 2024: D+24.4 2020: D+29.8 2016: D+19.9 2012: D+14.7 2008: D+23.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.87%
• Current HPI: 459.6307
• Rent YoY: —
• Metro: Edwards, 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

1 event — show timeline

• 2026-06-05 Listed $217,200 AGMLS

Property tax history

+2.5%/yr

Latest (2025): $1,024 · -36.9% YoY. Source: county tax records.