415 E Dean St., Unit 49 Week 33 · Aspen, CO 81611

$145,000

2 bd · 2.5 ba · 1,715 sqft · SingleFamily · 12 Days on market

Built 2005 $717/mo HOA · 9% 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

2024 renovations completed (including new decor, furniture, lighting, paint and carpets). The Aspen Mountain Residences is nestled at the base of the mountain between the St. Regis and Little Nell properties. Bars, restaurants, shopping and nightlife are literally a few steps from The Aspen. The multitude of amenities and services include daily maid service, concierge, valet, heated outdoor pool along with 2 hot tubs, gym, fire pit, ski shop, e-bikes for owners use and daily breakfast service. Unit 49 is a large top floor 2 bedroom / 2.5 bath residence. Great layout with a spacious and open floor plan. Enjoy panoramic mountain views from the large deck/balcony. Visit during summer week 33 every year together with additional float time. 2025 dates: Fixed Week: Sun, August 17-24. Float Weeks: Sun, October 19- 26 and Sun, November 23-30. 2026 dates: Fixed Week: Sun, August 16-23. Float Week. Sun, March 29-April 5. 1/20th interest - includes fixed week and float week every year and additional float week every other year.

Key facts

• Heated outdoor pool
• Fire pit
• Gym

Tags

• 2024 RENOVATIONS COMPLETED
• ASPEN MOUNTAIN RESIDENCES
• HEATED OUTDOOR POOL
• 2 HOT TUBS
• GYM
• FIRE PIT

Property features AI

Finance

• Other: Located downtown Aspen at the corner of Dean and Mill Street in the G.A. resort condos (The Aspen Mountain Residences)
• HOA & community: Has homeowners association; Association provides management and front desk services; Locker ski storage available; Annual association fee; Association fee covers contingency fund, insurance, management, sewer, unit heat, trash, snow removal and cable TV

Exterior

• Parking: Common parking; Has garage; Has carport
• Home design: Condominium
• Exterior features: Faces east; Not new construction

Interior

• Kitchen: Dishwasher; Oven; Range; Microwave; Refrigerator; Freezer
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Forced air heating; Cooling central system
• Interior features: Gas fireplace; Property in excellent condition
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $5k ($57k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $145k).

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 $8,166/mo this rent would consume 119% 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 $16k of equity ($1k loan paydown + $14k 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 $41k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 4y 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.
• Current owner paid $108k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $145,000

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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 5.63% ✓
• Cap rate: 45.46%
• Cash-on-cash: 139.87%
• DSCR: 7.22
• GRM: 1.5

CMA / ARV

• ARV (on-the-fly): $5,534,305
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
140 Maple Ln	0.58mi	3/2.5 (+1)	1,818 (+6%)	1mo	$2,185,000	$1,202	57
979 Queen St	0.46mi	3/3.0 (+1)	1,888 (+10%)	5mo	$9,250,000	$4,899	50
310 Oak Ln	0.60mi	3/2.0 (+1)	1,803 (+5%)	10mo	$2,176,000	$1,207	48
111 S Sixth St	0.68mi	3/3.0 (+1)	1,960 (+14%)	11mo	$6,325,000	$3,227	28

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: —
• Equity multiple: 11.45×
• Total profit: $424,088
• Equity at exit: $130,627

10-year hold

• IRR: —
• Equity multiple: 28.58×
• Total profit: $1,119,888
• Equity at exit: $281,703

Cash invested: $40,600 (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: 1.5×

Monthly cashflow live

• Estimated rent: $8,166 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$717
• Vacancy / Maint / Mgmt: −$1,715
• Net cashflow: $4,732

Break-even live

Break-even rent $2,176

Max offer price $145,000

Occupancy floor 37%

Sensitivity live

Price	-10% $4,832	-5% $4,782	+0% $4,732	+5% $4,682	+10% $4,632
Rent	-10% $4,087	-5% $4,410	+0% $4,732	+5% $5,055	+10% $5,377
Rate	-1.0pp $4,805	-0.5pp $4,769	base $4,732	+0.5pp $4,695	+1.0pp $4,656

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $717 · $8,604/yr
• Likely covers: poolgymdoorman

Listing history 10 events

1. 2026-06-19
   days on market $145,000 Active 12 DOM
2. 2026-06-18
   days on market $145,000 Active 11 DOM
3. 2026-06-17
   days on market $145,000 Active 10 DOM
4. 2026-06-16
   days on market $145,000 Active 9 DOM
5. 2026-06-15
   days on market $145,000 Active 8 DOM
6. 2026-06-14
   days on market $145,000 Active 6 DOM
7. 2026-06-12
   days on market $145,000 Active 5 DOM
8. 2026-06-09
   days on market $145,000 Active 2 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $145,000 Active 1 DOM

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 9 d/yr ≥76°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $97,994
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$7,840
• − Management: −$7,840
• − HOA: −$8,604
• − Depreciation: −$4,218
• Taxable income: $58,471
• Est. tax owed @ 24.0%: −$14,033
• After-tax cash flow: $42,754/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

+145.8% since first listed

16 events — show timeline

• 2026-06-07 Listed $145,000 AGMLS
• 2025-07-15 Sold (MLS) $107,500 AGMLS
• 2025-06-16 Pending — AGMLS
• 2025-04-21 Sold (MLS) $565,000 AGMLS
• 2025-03-14 Listed $115,000 AGMLS
• 2025-03-01 Listed $610,000 AGMLS
• 2023-09-20 Relisted — AGMLS
• 2023-09-18 Sold (MLS) $100,000 AGMLS
• 2022-08-24 Listed $137,200 AGMLS
• 2021-01-27 Sold (MLS) $540,000 AGMLS
• 2020-03-16 Sold (MLS) $135,000 AGMLS
• 2020-02-21 Sold (MLS) $105,000 AGMLS
• 2020-02-21 Sold (MLS) $95,000 AGMLS
• 2019-08-26 Sold (MLS) $90,000 AGMLS
• 2013-10-31 Sold (MLS) $47,500 AGMLS
• 2012-12-31 Sold (MLS) $59,000 AGMLS