508 E Lionshead Cir #604 · Vail, CO 81657

$2,000

3 bd · 3.0 ba · 1,285 sqft · Condo public records · 245 Days on market

Built 1972 $106/mo HOA · 3% 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 +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.6/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Enjoy awesome spring skiing in Vail every year! Ownership of consecutive weeks 13-17 gives you a long five week stay in Vail towards the end of March through the entire month of April and usually includes the ever popular Easter Week. This three bedroom, three bath penthouse residence offers great views and spacious accommodations on two levels with high vaulted ceilings. Nice amenities include a summer pool and two year around hot tubs, on site laundry facilities, property management and plenty of storage. Conveniently located within easy walking distance to chairlifts, restaurants and shopping. All weeks are exchangeable worldwide through individual membership of companies like RCI. This residence can sleep up to 9 people so plenty of room for family and friends. A rare opportunity at an affordable price.

Key facts

• Outdoor pool
• Full kitchen
• Top floor views

Tags

• DEEDED OWNERSHIP
• TOP FLOOR VIEWS
• FULL KITCHEN
• SEPARATE LIVING ROOM
• OUTDOOR POOL
• HOT TUBS

Property features AI

Finance

• HOA & community: Has association with quarterly fee of 317.63; Association fee includes cable TV, common area maintenance, electricity, gas, heat, insurance, internet, management, security, snow removal, taxes, telephone, trash, water, and furniture replacement; Community amenities: On-site management, pool, spa/hot tub, front desk

Exterior

• Construction: Shake roof; Poured in place foundation
• Exterior features: Part of a PUD

Interior

• Kitchen: Built-In Electric Oven, Dishwasher, Microwave, Range Hood, Refrigerator
• Bedrooms: 3 bedrooms (includes Master Bedroom, Bedroom 2, Bedroom 3)
• Flooring: Carpet, Laminate, Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Baseboard heating
• Interior features: Furnished; Built-In Electric Oven, Dishwasher, Microwave, Range Hood, Refrigerator

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $2k.

Deal economics

• At list price, monthly cash flow is $3k ($33k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $2k).
• Recommended offer: $2k (12.0% below list) — sets the bar for market timing.
• Cap rate 1641.0% vs local median 0.5% in Vail — 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 71/100 on livability (#76 in CO) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime D-, cost of living F, health & safety 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: 313 active listings in the ZIP; solid renter incomes; 387 units permitted in Eagle County in 2024 (256 in 5+ unit buildings).
• This rent runs 43% of the median local income ($101k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $189 of equity ($14 loan paydown + $175 appreciation (8.8% local appreciation)).
• Eagle County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (8.8% appreciation + 3.0% rent growth), your $560 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 245 days — a 12% lower offer ($2k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 29y ago; this cycle's ask has dropped $6k (75%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $1,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 245 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 180.03% ✓
• Cap rate: 1641.04%
• Cash-on-cash: 5838.39%
• DSCR: 260.78
• GRM: 0.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 312.73×
• Total profit: $174,571
• Equity at exit: $1,623

10-year hold

• IRR: —
• Equity multiple: 675.69×
• Total profit: $377,825
• Equity at exit: $3,325

Cash invested: $560 (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 81657

• Home prices YoY: 1.8%
• Active inventory: 313

Monthly cashflow live

• Estimated rent: $3,601 medium
• Mortgage (P&I): −$10
• Tax est. 1.5%: −$2 /mo · $30/yr
• Insurance: −$1
• HOA: −$106
• Vacancy / Maint / Mgmt: −$756
• Net cashflow: $2,725

Break-even live

Break-even rent $152

Max offer price $2,000

Occupancy floor 19%

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: $500
• Closing costs: $60
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $106 · $1,272/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 38 events

1. 2026-06-19
   days on market $2,000 Active 245 DOM
2. 2026-06-18
   days on market $2,000 Active 244 DOM
3. 2026-06-17
   days on market $2,000 Active 243 DOM
4. 2026-06-16
   days on market $2,000 Active 242 DOM
5. 2026-06-15
   days on market $2,000 Active 241 DOM
6. 2026-06-14
   days on market $2,000 Active 239 DOM
7. 2026-06-12
   days on market $2,000 Active 238 DOM
8. 2026-06-09
   days on market $2,000 Active 235 DOM
9. 2026-06-08
   days on market $2,000 Active 234 DOM
10. 2026-06-07
    pricedays on market $2,000 Active 233 DOM
11. 2026-06-05
    days on market $8,000 Active 230 DOM
12. 2026-06-03
    days on market $8,000 Active 229 DOM
13. 2026-06-02
    days on market $8,000 Active 228 DOM
14. 2026-06-01
    days on market $8,000 Active 227 DOM
15. 2026-05-31
    days on market $8,000 Active 226 DOM
16. 2026-05-30
    days on market $8,000 Active 225 DOM
17. 2025-10-17
    listed $8,000 Active
18. 2022-09-27
    soldstatus $30,000 Closed 819-char remark

    Show marketing remark (819 chars)

    Enjoy awesome spring skiing in Vail every year! Ownership of consecutive weeks 13-17 gives you a long five week stay in Vail towards the end of March through the entire month of April and usually includes the ever popular Easter Week. This three bedroom, three bath penthouse residence offers great views and spacious accommodations on two levels with high vaulted ceilings. Nice amenities include a summer pool and two year around hot tubs, on site laundry facilities, property management and plenty of storage. Conveniently located within easy walking distance to chairlifts, restaurants and shopping. All weeks are exchangeable worldwide through individual membership of companies like RCI. This residence can sleep up to 9 people so plenty of room for family and friends. A rare opportunity at an affordable price.

19. 2022-09-02
    status Pending 819-char remark

    Show marketing remark (819 chars)

    Enjoy awesome spring skiing in Vail every year! Ownership of consecutive weeks 13-17 gives you a long five week stay in Vail towards the end of March through the entire month of April and usually includes the ever popular Easter Week. This three bedroom, three bath penthouse residence offers great views and spacious accommodations on two levels with high vaulted ceilings. Nice amenities include a summer pool and two year around hot tubs, on site laundry facilities, property management and plenty of storage. Conveniently located within easy walking distance to chairlifts, restaurants and shopping. All weeks are exchangeable worldwide through individual membership of companies like RCI. This residence can sleep up to 9 people so plenty of room for family and friends. A rare opportunity at an affordable price.

20. 2022-04-04
    listed $35,000 Active 819-char remark

    Show marketing remark (819 chars)

    Enjoy awesome spring skiing in Vail every year! Ownership of consecutive weeks 13-17 gives you a long five week stay in Vail towards the end of March through the entire month of April and usually includes the ever popular Easter Week. This three bedroom, three bath penthouse residence offers great views and spacious accommodations on two levels with high vaulted ceilings. Nice amenities include a summer pool and two year around hot tubs, on site laundry facilities, property management and plenty of storage. Conveniently located within easy walking distance to chairlifts, restaurants and shopping. All weeks are exchangeable worldwide through individual membership of companies like RCI. This residence can sleep up to 9 people so plenty of room for family and friends. A rare opportunity at an affordable price.

21. 2021-02-11
    listed $40,000
22. 2020-12-11
    listed $16,000
23. 2019-11-10
    listed $18,500
24. 2019-11-10
    listed $18,500
25. 2019-03-14
    listed $15,000
26. 2012-10-10
    listed $65,000
27. 2007-04-24
    soldstatus $18,000
28. 2007-01-23
    soldstatus $13,000
29. 2006-12-13
    listed $18,000
30. 2006-12-13
    listed $16,000
31. 2000-03-15
    soldstatus $25,000
32. 1999-10-30
    listed $25,000
33. 1998-05-08
    soldstatus $30,000
34. 1998-05-08
    soldstatus $30,000
35. 1997-12-19
    listed $22,500
36. 1997-12-19
    listed $30,000
37. 1997-08-15
    listed $22,500
38. 1997-08-15
    listed $30,000

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 1/10 Low 14 d/yr ≥74°F today · 37 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,206
• − Mortgage interest: −$112
• − Property taxes: −$30
• − Insurance: −$10
• − Repairs & maintenance: −$3,456
• − Management: −$3,456
• − HOA: −$1,272
• − Depreciation: −$58
• Taxable income: $34,811
• Est. tax owed @ 24.0%: −$8,355
• After-tax cash flow: $24,340/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 — Vail

• Score: 71/100
• State rank: #76
• US rank: #7125

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vail, CO
• County: Eagle County · 42,178 people
• City population: 4,835
• Metro: Edwards, CO
• Population (ZIP): 4,835
• Household income: $100,573
• Rent vs Own: 38.6% rent · 61.4% own
• Severe rent burden: 262.0

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 (87%)
• Race & ethnicity: White 87% Two or more races 11% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 4% Romanian 3% Lithuanian 2%
• Foreign-born: 14% · Canada
• Languages at home: 88% English-only · Spanish 6% German/W. Germanic 2% French/Haitian/Cajun 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: ▲ 8.75%
• Current HPI: 485.2983
• 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

-64.4% since first listed

22 events — show timeline

• 2025-10-17 Listed $8,000 VMLS
• 2022-09-27 Sold (MLS) $30,000 VMLS
• 2022-09-02 Pending — VMLS
• 2022-04-04 Listed $35,000 VMLS
• 2021-02-11 Listed $40,000 VMLS
• 2020-12-11 Listed $16,000 VMLS
• 2019-11-10 Listed $18,500 VMLS
• 2019-11-10 Listed $18,500 VMLS
• 2019-03-14 Listed $15,000 VMLS
• 2012-10-10 Listed $65,000 VMLS
• 2007-04-24 Sold (MLS) $18,000 VMLS
• 2007-01-23 Sold (MLS) $13,000 VMLS
• 2006-12-13 Listed $16,000 VMLS
• 2006-12-13 Listed $18,000 VMLS
• 2000-03-15 Sold (MLS) $25,000 VMLS
• 1999-10-30 Listed $25,000 VMLS
• 1998-05-08 Sold (MLS) $30,000 VMLS
• 1998-05-08 Sold (MLS) $30,000 VMLS
• 1997-12-19 Listed $30,000 VMLS
• 1997-12-19 Listed $22,500 VMLS
• 1997-08-15 Listed $30,000 VMLS
• 1997-08-15 Listed $22,500 VMLS

Property tax history

+2.7%/yr

Latest (2025): $6,588 · +19.6% YoY. Source: county tax records.