40 Aspen Village Rd · Snowmass Village, CO 81611

$680,000

3 bd · 2.0 ba · 1,125 sqft · SingleFamily · 673 Days on market

Built 1984 Fair condition 6,608 sqft lot $604/sqft · 16% above area Est $588k · 16% over

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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 +29.1/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.1/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +3.2/5.0
• Condition / age +2.2/5.0
• ARV discount +0.5/15.0

Listing remarks MLS

Wonderful location in Aspen Village! This 3 bed 2 bath home is perfectly situated in Aspen Village. Enjoy summers on the deck and the wood fireplace in the winter. The open floor plan is perfect for entertaining in the 1,125sf home. A shed for tools and other belongings, spacious carport, and backyard that backs up to open space complete this must-see home. Other bonus' include: Aspen School District, Community Center/Pool, Storage for your Boat/Trailer, and RFTA/ASD bus route. Deed Restricted to Resident Occupied (RO) by APCHA. Buyer must work a min. 1500hrs/yr for a minimum of 1 yr. in the Roaring Fork Valley.

Key facts

• Open floor plan
• Wood fireplace
• 6,608 sq ft lot

Tags

• WOOD FIREPLACE
• OPEN FLOOR PLAN
• BACKS UP TO OPEN SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $680k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($28k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $680k).
• Recommended offer: $598k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#177 in CO) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: commute D, amenities F, cost of living 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 $8,925/mo this rent would consume 130% 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 $73k of equity ($5k loan paydown + $68k 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 $190k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$117k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 673 days — a 12% lower offer ($598k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

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

Recommended offer $598,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 673 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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 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: 1.31% ✓
• Cap rate: 10.44%
• Cash-on-cash: 14.82%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (median comp): $588,477
• List price: $680,000
• Delta: 15.55%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Bear Trl	0.09mi	3/2.0	1,072 (-5%)	6mo	$555,000	$518	83

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

Projected returns pro-forma

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

5-year hold

• IRR: 37.7%
• Equity multiple: 3.98×
• Total profit: $567,403
• Equity at exit: $612,598

10-year hold

• IRR: 34.4%
• Equity multiple: 9.77×
• Total profit: $1,670,255
• Equity at exit: $1,321,090

Cash invested: $190,400 (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: 6.3×

Monthly cashflow live

• Estimated rent: $8,925 medium
• Mortgage (P&I): −$3,566
• Tax est. 1.5%: −$850 /mo · $10,200/yr
• Insurance: −$283
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,874
• Net cashflow: $2,351

Break-even live

Break-even rent $5,949

Max offer price $680,000

Occupancy floor 69%

Sensitivity live

Price	-10% $2,821	-5% $2,586	+0% $2,351	+5% $2,116	+10% $1,881
Rent	-10% $1,646	-5% $1,999	+0% $2,351	+5% $2,704	+10% $3,056
Rate	-1.0pp $2,694	-0.5pp $2,524	base $2,351	+0.5pp $2,175	+1.0pp $1,996

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: $170,000
• Closing costs: $20,400
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $680,000 Active 673 DOM
2. 2026-06-19
   days on market $680,000 Active 671 DOM
3. 2026-06-18
   days on market $680,000 Active 670 DOM
4. 2026-06-17
   days on market $680,000 Active 669 DOM
5. 2026-06-16
   days on market $680,000 Active 668 DOM
6. 2026-06-15
   days on market $680,000 Active 667 DOM
7. 2026-06-14
   days on market $680,000 Active 665 DOM
8. 2026-06-12
   days on market $680,000 Active 664 DOM
9. 2026-06-09
   days on market $680,000 Active 661 DOM
10. 2026-06-08
    days on market $680,000 Active 660 DOM
11. 2026-06-07
    days on market $680,000 Active 659 DOM
12. 2026-06-05
    days on market $680,000 Active 656 DOM
13. 2026-06-02
    days on market $680,000 Active 654 DOM
14. 2026-06-01
    days on market $680,000 Active 653 DOM
15. 2026-05-31
    days on market $680,000 Active 652 DOM
16. 2026-05-30
    days on market $680,000 Active 651 DOM
17. 2024-09-13
    status Active 620-char remark

    Show marketing remark (620 chars)

    Wonderful location in Aspen Village! This 3 bed 2 bath home is perfectly situated in Aspen Village. Enjoy summers on the deck and the wood fireplace in the winter. The open floor plan is perfect for entertaining in the 1,125sf home. A shed for tools and other belongings, spacious carport, and backyard that backs up to open space complete this must-see home. Other bonus' include: Aspen School District, Community Center/Pool, Storage for your Boat/Trailer, and RFTA/ASD bus route. Deed Restricted to Resident Occupied (RO) by APCHA. Buyer must work a min. 1500hrs/yr for a minimum of 1 yr. in the Roaring Fork Valley.

18. 2024-09-04
    status Pending 620-char remark

    Show marketing remark (620 chars)

    Wonderful location in Aspen Village! This 3 bed 2 bath home is perfectly situated in Aspen Village. Enjoy summers on the deck and the wood fireplace in the winter. The open floor plan is perfect for entertaining in the 1,125sf home. A shed for tools and other belongings, spacious carport, and backyard that backs up to open space complete this must-see home. Other bonus' include: Aspen School District, Community Center/Pool, Storage for your Boat/Trailer, and RFTA/ASD bus route. Deed Restricted to Resident Occupied (RO) by APCHA. Buyer must work a min. 1500hrs/yr for a minimum of 1 yr. in the Roaring Fork Valley.

19. 2024-08-08
    listed $680,000 Active 620-char remark

    Show marketing remark (620 chars)

    Wonderful location in Aspen Village! This 3 bed 2 bath home is perfectly situated in Aspen Village. Enjoy summers on the deck and the wood fireplace in the winter. The open floor plan is perfect for entertaining in the 1,125sf home. A shed for tools and other belongings, spacious carport, and backyard that backs up to open space complete this must-see home. Other bonus' include: Aspen School District, Community Center/Pool, Storage for your Boat/Trailer, and RFTA/ASD bus route. Deed Restricted to Resident Occupied (RO) by APCHA. Buyer must work a min. 1500hrs/yr for a minimum of 1 yr. in the Roaring Fork Valley.

ⓘ 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 2/10 Low 10 d/yr ≥84°F today · 27 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: $107,098
• − Mortgage interest: −$38,091
• − Property taxes: −$10,200
• − Insurance: −$3,400
• − Repairs & maintenance: −$8,568
• − Management: −$8,568
• − Depreciation: −$19,782
• Taxable income: $18,490
• Est. tax owed @ 24.0%: −$4,438
• After-tax cash flow: $23,778/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

The home requires moderate repairs and updates to improve its condition and value, focusing on painting, flooring, and appliances.

Repairs flagged

• Major paint — paint appears faded and needs touch-up
• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — slight wear

Value-add opportunities

• Both painting and touch-up — improves appearance and value
• Both new flooring — enhances aesthetic and functionality
• Both new kitchen appliances — modernizes and increases appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
paint · paint appears faded and needs touch-up	Major	$15,000–50,000
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom fixtures · slight wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$16,000–56,000

Value-add ROI direction

• Both painting and touch-up — improves appearance and value ↑
• Both new flooring — enhances aesthetic and functionality ↑
• Both new kitchen appliances — modernizes and increases appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Snowmass Village

• Score: 64/100
• State rank: #177
• US rank: #14460

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pitkin County · 9,068 people
• City population: 3,048
• 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

3 events — show timeline

• 2024-09-13 Relisted — AGMLS
• 2024-09-04 Pending — AGMLS
• 2024-08-08 Listed $680,000 AGMLS