39 Boomerang Rd Unit 8411-14 · Aspen, CO 81611

$129,900

2 bd · 2.5 ba · 1,444 sqft · Timeshare · 377 Days on market

Built 2001 $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 +7.5/15.0
• 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 opportunity to have 3 consecutive ski weeks plus a float week for a total of 4 weeks at the Ritz Carlton in Aspen-HIghlands every year. Ski Weeks for the 2025/2026 Club Year: -Jan. 10 to Jan. 17, 2026 -Jan. 17 to Jan. 24, 2026 -Jan. 24 to Jan. 31, 2026 -1 float week With this amenity rich property you will enjoy ski-in/ski-out access, year round heated outdoor pools, hot tubs, concierge services, valet, twice daily housekeeping, year round owner storage of your ski equipment and personal belongings, on-site restaurant and shuttle service to and from the town of Aspen. Owners also have exchange priviliges with the other Ritz Carlton Destination Clubs located in Vail, Lake Tahoe, San Francisco and St. Thomas. Additional affiliations with Third Home and The Marriott International provide you with a myriad of ways to travel the world with your fractional ownership. Photos shown may be stock images of a typical residence

Key facts

• Heated outdoor pools
• Hot tubs
• Concierge services

Tags

• SKI-IN SKI-OUT ACCESS
• HEATED OUTDOOR POOLS
• HOT TUBS
• CONCIERGE SERVICES
• VALET
• TWICE DAILY HOUSEKEEPING

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath timeshare listed at $130k.

Deal economics

• At list price, monthly cash flow is $4k ($45k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $130k).
• Recommended offer: $114k (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 $14k of equity ($898 loan paydown + $13k 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 $36k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 377 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 377 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 6.36% ✓
• Cap rate: 40.75%
• Cash-on-cash: 123.06%
• DSCR: 6.48
• GRM: 1.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 10.71×
• Total profit: $353,262
• Equity at exit: $117,024

10-year hold

• IRR: —
• Equity multiple: 27.51×
• Total profit: $964,211
• Equity at exit: $252,367

Cash invested: $36,372 (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: 1.3×

Monthly cashflow live

• Estimated rent: $8,262 medium
• Mortgage (P&I): −$681
• Tax est. 1.5%: −$162 /mo · $1,948/yr
• Insurance: −$54
• HOA: −$1,899
• Vacancy / Maint / Mgmt: −$1,735
• Net cashflow: $3,730

Break-even live

Break-even rent $3,540

Max offer price $129,900

Occupancy floor 50%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $1,899 · $22,788/yr
• Likely covers: pooldoorman

Listing history 3 events

1. 2026-05-30
   days on market $129,900 Active 377 DOM
2. 2025-06-04
   price $129,900 949-char remark

   Show marketing remark (949 chars)

   Rare opportunity to have 3 consecutive ski weeks plus a float week for a total of 4 weeks at the Ritz Carlton in Aspen-HIghlands every year. Ski Weeks for the 2025/2026 Club Year: -Jan. 10 to Jan. 17, 2026 -Jan. 17 to Jan. 24, 2026 -Jan. 24 to Jan. 31, 2026 -1 float week With this amenity rich property you will enjoy ski-in/ski-out access, year round heated outdoor pools, hot tubs, concierge services, valet, twice daily housekeeping, year round owner storage of your ski equipment and personal belongings, on-site restaurant and shuttle service to and from the town of Aspen. Owners also have exchange priviliges with the other Ritz Carlton Destination Clubs located in Vail, Lake Tahoe, San Francisco and St. Thomas. Additional affiliations with Third Home and The Marriott International provide you with a myriad of ways to travel the world with your fractional ownership. Photos shown may be stock images of a typical residence

3. 2025-05-19
   listed $99,000 Active 949-char remark

   Show marketing remark (949 chars)

   Rare opportunity to have 3 consecutive ski weeks plus a float week for a total of 4 weeks at the Ritz Carlton in Aspen-HIghlands every year. Ski Weeks for the 2025/2026 Club Year: -Jan. 10 to Jan. 17, 2026 -Jan. 17 to Jan. 24, 2026 -Jan. 24 to Jan. 31, 2026 -1 float week With this amenity rich property you will enjoy ski-in/ski-out access, year round heated outdoor pools, hot tubs, concierge services, valet, twice daily housekeeping, year round owner storage of your ski equipment and personal belongings, on-site restaurant and shuttle service to and from the town of Aspen. Owners also have exchange priviliges with the other Ritz Carlton Destination Clubs located in Vail, Lake Tahoe, San Francisco and St. Thomas. Additional affiliations with Third Home and The Marriott International provide you with a myriad of ways to travel the world with your fractional ownership. Photos shown may be stock images of a typical residence

ⓘ 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: −$7,276
• − Property taxes: −$1,948
• − Insurance: −$650
• − Repairs & maintenance: −$7,931
• − Management: −$7,931
• − HOA: −$22,788
• − Depreciation: −$3,779
• Taxable income: $46,835
• Est. tax owed @ 24.0%: −$11,241
• After-tax cash flow: $33,519/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

+31.2% since first listed

2 events — show timeline

• 2025-06-04 Price Changed $129,900 VMLS
• 2025-05-19 Listed $99,000 VMLS