46 Avondale Unit 311-45&46 · Avon, CO 81620

$119,000

2 bd · 2.0 ba · 1,300 sqft · Timeshare · 77 Days on market

Built 1991 436 sqft lot $835/mo HOA · 19% of rent

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.3/10.0
• ARV discount +7.5/15.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

The Park Plaza is MAGICAL during the two weeks of Spring Break! Located in the heart of Beaver Creek Village and just steps from the ski lifts, shopping, galleries, hiking and restaurants . Weeks 45 & 46 (known as weeks 11 & 12) are truly a great time to be in Beaver Creek with all the spring break festivities. Dates are March 13 to 27, 2027. Photos are stock photos.

Key facts

• Steps from ski lifts
• Steps from shopping
• Steps from galleries

Tags

• STEPS FROM SKI LIFTS
• STEPS FROM SHOPPING
• STEPS FROM GALLERIES
• STEPS FROM HIKING
• STEPS FROM RESTAURANTS

Property features AI

Finance

• HOA & community: Community amenities include fitness center, golf, on-site management, pool, shuttle service, and tennis courts; Association dues paid annually; Association fee covers cable TV, common area maintenance, electricity, gas, heat, insurance, internet, management, sewer, snow removal, taxes, trash, and water; On-site management and front desk services available

Exterior

• Home design: Unit in a multi-family building
• Construction: Slate roof; Poured-in-place foundation
• Exterior features: Multi-family zoning

Interior

• Kitchen: Cooktop; Range; Range hood; Dishwasher; Microwave; Refrigerator; Disposal
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Marble; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Has heating; Has cooling
• Interior features: Furnished; Ceiling fan(s)
• Laundry & utility: Washer; Washer/Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath timeshare listed at $119k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.
• Cap rate 24.0% vs local median 2.3% in Avon — 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 61/100 on livability (#220 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, housing B; Watch: schools F, crime D-, amenities F.
• Eagle County School District No. RE-50 (town): math 22% / reading 42% proficiency, ranked #39 of 86 in CO (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 448 active listings in the ZIP; solid renter incomes; 387 units permitted in Eagle County in 2024 (256 in 5+ unit buildings).
• At $4,325/mo this rent would consume 50% of the median local household income ($103k/yr) (locally 744% 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 $9k of equity ($823 loan paydown + $8k appreciation (6.6% local appreciation)).
• Eagle County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (6.6% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.63% ✓
• Cap rate: 24.03%
• Cash-on-cash: 63.36%
• DSCR: 3.82
• GRM: 2.3

CMA / ARV

• ARV (on-the-fly): $19,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
46 Avondale Ln Unit 410 Calendar	0.00mi	2/2.0	1,355 (+4%)	1mo	$20,000	$15	92
46 Avondale Ln	0.00mi	2/2.0	1,355 (+4%)	4mo	$19,900	$15	90
46 Avondale #R-312	0.00mi	2/2.0	1,353 (+4%)	7mo	$125,000	$92	87
210 Offerson Rd #303	0.14mi	2/2.0	1,256 (-3%)	1mo	$10,750	$9	87
46 Avondale Ln #403 Calendar Weeks 47&48	0.00mi	2/2.0	1,379 (+6%)	8mo	$18,000	$13	84
46 Avondale Ln #304 Calendar Weeks 13&14	0.00mi	2/—	1,379 (+6%)	8mo	$19,900	$14	84
210 Offerson Rd #209 - week 11	0.14mi	2/3.0	1,300 (0%)	8mo	$35,000	$27	83
210 Offerson Rd #R-108, Week 31	0.14mi	2/3.0	1,300 (0%)	10mo	$2,650	$2	82
210 Offerson Rd #R-119, Week 31	0.14mi	2/3.0	1,300 (0%)	10mo	$2,850	$2	82
210 Offerson Rd #R-223, Week 6	0.14mi	2/3.0	1,300 (0%)	10mo	$27,000	$21	81
00063B Avondale Ln #436 / Week 5	0.11mi	3/3.0 (+1)	1,317 (+1%)	9mo	$25,000	$19	76
210 Offerson #111-10	0.14mi	2/3.0	1,200 (-8%)	9mo	$33,000	$28	70

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.63% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 69.7%
• Equity multiple: 5.42×
• Total profit: $147,315
• Equity at exit: $79,625

10-year hold

• IRR: 66.3%
• Equity multiple: 11.48×
• Total profit: $349,117
• Equity at exit: $148,748

Cash invested: $33,320 (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 81620

• Home prices YoY: 1.9%
• Active inventory: 448
• Price-to-rent: 2.3×

Monthly cashflow live

• Estimated rent: $4,325 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$835
• Vacancy / Maint / Mgmt: −$908
• Net cashflow: $1,693

Break-even live

Break-even rent $2,182

Max offer price $119,000

Occupancy floor 56%

Sensitivity live

Price	-10% $1,775	-5% $1,734	+0% $1,693	+5% $1,652	+10% $1,610
Rent	-10% $1,351	-5% $1,522	+0% $1,693	+5% $1,864	+10% $2,034
Rate	-1.0pp $1,753	-0.5pp $1,723	base $1,693	+0.5pp $1,662	+1.0pp $1,631

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $835 · $10,020/yr

Listing history 17 events

1. 2026-06-19
   days on market $119,000 Active 77 DOM
2. 2026-06-18
   days on market $119,000 Active 76 DOM
3. 2026-06-17
   days on market $119,000 Active 75 DOM
4. 2026-06-16
   days on market $119,000 Active 74 DOM
5. 2026-06-15
   days on market $119,000 Active 73 DOM
6. 2026-06-14
   days on market $119,000 Active 71 DOM
7. 2026-06-12
   days on market $119,000 Active 70 DOM
8. 2026-06-09
   days on market $119,000 Active 67 DOM
9. 2026-06-08
   days on market $119,000 Active 66 DOM
10. 2026-06-07
    days on market $119,000 Active 65 DOM
11. 2026-06-05
    days on market $119,000 Active 62 DOM
12. 2026-06-03
    days on market $119,000 Active 61 DOM
13. 2026-06-02
    days on market $119,000 Active 60 DOM
14. 2026-06-01
    days on market $119,000 Active 59 DOM
15. 2026-05-31
    days on market $119,000 Active 58 DOM
16. 2026-05-30
    days on market $119,000 Active 57 DOM
17. 2026-04-03
    listed $119,000 Active

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 14 d/yr ≥72°F today · 37 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,897
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$1,392
• − Repairs & maintenance: −$4,152
• − Management: −$4,152
• − HOA: −$10,020
• − Depreciation: −$3,462
• Taxable income: $20,268
• Est. tax owed @ 24.0%: −$4,864
• After-tax cash flow: $15,448/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: Eagle County School District No. RE-50
• NCES district ID: 0803540
• Math proficiency: 22% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $73,322
• Composite: 30.01/100
• National rank: #6360
• State rank: #39 of 86 in CO

Livability — Avon

• Score: 61/100
• State rank: #220
• US rank: #17858

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Eagle County · 42,178 people
• City population: 10,870
• Metro: Edwards, CO
• Population (ZIP): 10,870
• Household income: $102,775
• Rent vs Own: 46.9% rent · 53.1% own
• Severe rent burden: 744.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 62% Hispanic / Latino 23% Two or more races 23% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Italian 3% Scotch-Irish 2% Slovak 2%
• Foreign-born: 14% · Canada, Dominican Republic
• Languages at home: 78% English-only · Spanish 15% Other Indo-European 4% Chinese 1%

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: ▲ 6.63%
• Current HPI: 363.7493
• 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

• 2026-04-03 Listed $119,000 VMLS