39 BOOMERANG Rd Unit 8411/ Winter Interest 14 · Aspen, CO 81611

$129,900

2 bd · 2.5 ba · 1,444 sqft · Condo · 381 Days on market

Built 2001 $90/sqft · 87% above area $1845/mo HOA · 22% 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

Own Winter at the Ritz-Carlton Club, Aspen Highlands - 3 Prime Ski Weeks, Every Year plus 1 float week. Enjoy the ultimate Aspen ski-in/ski-out experience year after year with Fractional Interest 14 at the Ritz-Carlton Club, Aspen Highlands. This deeded 1/12th ownership provides you with three consecutive prime winter ski weeks each year right at the base of Aspen Highlands. This 2 bedroom, 2 1/2 bathroom residence is beautifully furnished and fully serviced with all the perks you can imagine including ski-in/ski-out access, valet, concierge, ski-valet service, twice daily housekeeping and year round storage of your ski equipment and personal belongings. Enjoy the year round heated pools, hot tubs, owner's lounge, fitness center, game room and on-site restaurant. Ski weeks for the 2025/2026 ski season: -Jan 10 - Jan. 17, 2026 -Jan 17 - Jan 24, 2026 -Jan 24- Jan 31, 2026 -1 float week Owners also have reciprocal space available usage and trading privileges at the Ritz Carlton Destination Clubs in Vail, Lake Tahoe, San Francisco and St. Thomas. Additional exchange benefits through Third Home and the Marriott.

Key facts

• Fitness center
• Hot tubs
• Owner's lounge

Tags

• SKI IN SKI OUT ACCESS
• YEAR ROUND HEATED POOLS
• HOT TUBS
• OWNER'S LOUNGE
• FITNESS CENTER
• GAME ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath condo 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 381 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

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

Questions for the listing agent

1. It's been on market 381 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. 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?
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 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?
7. 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.
8. 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.
9. 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: 6.36% ✓
• Cap rate: 41.25%
• Cash-on-cash: 124.84%
• DSCR: 6.55
• GRM: 1.3

CMA / ARV

• ARV (median comp): $69,617
• List price: $129,900
• Delta: 86.59%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 10.81×
• Total profit: $356,668
• Equity at exit: $117,024

10-year hold

• IRR: —
• Equity multiple: 27.71×
• Total profit: $971,471
• 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: −$1,845
• Vacancy / Maint / Mgmt: −$1,735
• Net cashflow: $3,784

Break-even live

Break-even rent $3,472

Max offer price $129,900

Occupancy floor 49%

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 condo

• Monthly dues: $1,845 · $22,140/yr
• Likely covers: poolgymdoorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-06-19
   days on market $129,900 Active 381 DOM
2. 2026-06-18
   days on market $129,900 Active 380 DOM
3. 2026-06-17
   days on market $129,900 Active 379 DOM
4. 2026-06-16
   days on market $129,900 Active 378 DOM
5. 2026-06-15
   days on market $129,900 Active 377 DOM
6. 2026-06-14
   days on market $129,900 Active 375 DOM
7. 2026-06-12
   days on market $129,900 Active 374 DOM
8. 2026-06-09
   days on market $129,900 Active 371 DOM
9. 2026-06-08
   days on market $129,900 Active 370 DOM
10. 2026-06-07
    days on market $129,900 Active 369 DOM
11. 2026-05-31
    days on market $129,900 Active 367 DOM
12. 2026-05-30
    days on market $129,900 Active 366 DOM
13. 2025-06-02
    price $129,900 1144-char remark

    Show marketing remark (1144 chars)

    Own Winter at the Ritz-Carlton Club, Aspen Highlands - 3 Prime Ski Weeks, Every Year plus 1 float week. Enjoy the ultimate Aspen ski-in/ski-out experience year after year with Fractional Interest 14 at the Ritz-Carlton Club, Aspen Highlands. This deeded 1/12th ownership provides you with three consecutive prime winter ski weeks each year right at the base of Aspen Highlands. This 2 bedroom, 2 1/2 bathroom residence is beautifully furnished and fully serviced with all the perks you can imagine including ski-in/ski-out access, valet, concierge, ski-valet service, twice daily housekeeping and year round storage of your ski equipment and personal belongings. Enjoy the year round heated pools, hot tubs, owner's lounge, fitness center, game room and on-site restaurant. Ski weeks for the 2025/2026 ski season: -Jan 10 - Jan. 17, 2026 -Jan 17 - Jan 24, 2026 -Jan 24- Jan 31, 2026 -1 float week Owners also have reciprocal space available usage and trading privileges at the Ritz Carlton Destination Clubs in Vail, Lake Tahoe, San Francisco and St. Thomas. Additional exchange benefits through Third Home and the Marriott.

14. 2025-05-30
    listed $99,000 Active 1144-char remark

    Show marketing remark (1144 chars)

    Own Winter at the Ritz-Carlton Club, Aspen Highlands - 3 Prime Ski Weeks, Every Year plus 1 float week. Enjoy the ultimate Aspen ski-in/ski-out experience year after year with Fractional Interest 14 at the Ritz-Carlton Club, Aspen Highlands. This deeded 1/12th ownership provides you with three consecutive prime winter ski weeks each year right at the base of Aspen Highlands. This 2 bedroom, 2 1/2 bathroom residence is beautifully furnished and fully serviced with all the perks you can imagine including ski-in/ski-out access, valet, concierge, ski-valet service, twice daily housekeeping and year round storage of your ski equipment and personal belongings. Enjoy the year round heated pools, hot tubs, owner's lounge, fitness center, game room and on-site restaurant. Ski weeks for the 2025/2026 ski season: -Jan 10 - Jan. 17, 2026 -Jan 17 - Jan 24, 2026 -Jan 24- Jan 31, 2026 -1 float week Owners also have reciprocal space available usage and trading privileges at the Ritz Carlton Destination Clubs in Vail, Lake Tahoe, San Francisco and St. Thomas. Additional exchange benefits through Third Home and the Marriott.

ⓘ 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: −$22,140
• − Depreciation: −$3,779
• Taxable income: $47,483
• Est. tax owed @ 24.0%: −$11,396
• After-tax cash flow: $34,011/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

• 2025-06-02 Price Changed $129,900 AGMLS
• 2025-05-30 Listed $99,000 AGMLS