2335 Apres Ski Way Unit 119A · Steamboat Springs, CO 80487

$95,000

2 bd · 3.0 ba · 1,232 sqft · SingleFamily · 5 Days on market

Built 1981 Good condition 9,848 sqft lot $257/mo HOA · 9% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Rent growth +5.0/5.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Appreciation +0.0/10.0

Listing remarks

Enjoy five weeks a year with a fractional ownership of this lovely mountainside condo at the Phoenix! Weeks are on a rotating calendar and run from Saturday to Saturday, this is calendar "A" which includes two back to back weeks every summer. Buy now and enjoy July 29-August 8 in 2026! This 2 bedroom, 3 bathroom condo offers excellent walk-to-ski access and is close to everywhere you want to be in the mountain area. No buses or ski parking required. The unit opens to a cozy living room with gas fireplace, fully stocked kitchen with breakfast bar, and a dining area fit for entertaining. Step out onto the balcony to take in some fresh alpine air, watch the kiddos at the pool or to e

Key facts

• Walk to ski access
• Private garage
• Gas fireplace

Tags

• MOUNTAINSIDE CONDO
• WALK TO SKI ACCESS
• GAS FIREPLACE
• FULLY STOCKED KITCHEN
• PRIVATE GARAGE
• HEATED OUTDOOR POOL

Property features AI

Finance

• HOA & community: Homeowners association with annual fee (annually) — $1,548 (approximately $129/month); Association fitness center; Clubhouse; Building reception area

Exterior

• Parking: Attached covered garage; 1 garage space; Parking lot
• Utilities: Public water; Public sewer (connected); Electricity available; Natural gas available; Cable available; Phone available
• Home design: Residential timeshare; Multi/split levels; Metal roof; Planned Unit Development
• Construction: Frame, concrete, stucco, and wood siding construction
• Exterior features: Deck; Patio; Community pool; Paved access/road; Has view

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator
• Flooring: Carpet; Tile; Wood
• Bathrooms: 3 full bathrooms
• Heating & cooling: Baseboard heating
• Interior features: Furnished; Gas fireplace
• Laundry & utility: In-unit laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $95k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $95k).
• Cap rate 23.3% vs local median 0.1% in Steamboat Springs — 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 74/100 on livability (#41 in CO, #4,975 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, schools B; Watch: health & safety C-, amenities D, cost of living F.
• Steamboat Springs School District No. RE-2 (town): math 49% / reading 72% proficiency, ranked #4 of 86 in CO (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 12% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+10.6%/yr); 555 active listings in the ZIP; solid renter incomes; 597 units permitted in Routt County in 2024 (418 in 5+ unit buildings).
• This rent runs 31% of the median local income ($110k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Routt County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $27k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

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

Recommended offer $95,000

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: 3.01% ✓
• Cap rate: 23.30%
• Cash-on-cash: 60.76%
• DSCR: 3.70
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $214,368
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2300 Mount Werner Cir Unit 228/229	0.30mi	2/2.0	1,190 (-3%)	1mo	$125,000	$105	75
2300 Mount Werner Cir Unit 367/369 QIII	0.30mi	2/2.0	1,177 (-4%)	4mo	$204,900	$174	72
2300 Mt. Werner Cir Unit 653 QIII	0.30mi	2/2.0	1,192 (-3%)	8mo	$215,000	$180	69
2300 Mount Werner Cir Unit 529/530 QIV	0.30mi	2/2.0	1,304 (+6%)	6mo	$207,500	$159	67
2300 Mt. Werner Circle Cir Unit 311/314 Cal1	0.30mi	2/2.0	1,156 (-6%)	7mo	$140,000	$121	66
2300 Mt Werner Cir Unit 517 QI	0.30mi	2/2.0	1,349 (+10%)	0mo	$235,000	$174	66
2300 Mt Werner Cir Unit 462/465/466	0.30mi	2/3.0	1,383 (+12%)	0mo	$157,000	$114	65
2300 Mt. Werner Cir Unit 226/227 QIV	0.30mi	2/2.0	1,129 (-8%)	4mo	$200,000	$177	65
2300 Mount Werner Cir Unit 210/209	0.30mi	1/2.0 (-1)	1,150 (-7%)	5mo	$120,000	$104	61
2300 Mount Werner Cir Unit 619/622/623	0.30mi	2/3.0	1,403 (+14%)	3mo	$291,000	$207	60
2300 Mount Werner Cir Unit 340/343/344 QI	0.30mi	2/3.0	1,369 (+11%)	10mo	$295,000	$215	59
2300 Mount Werner Cir Unit 565 QIV	0.30mi	2/2.0	1,107 (-10%)	8mo	$224,000	$202	58

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

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 65.9%
• Equity multiple: 4.22×
• Total profit: $85,705
• Equity at exit: $14,165

10-year hold

• IRR: 72.0%
• Equity multiple: 10.58×
• Total profit: $254,719
• Equity at exit: $8,214

Cash invested: $26,600 (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 80487

• Rents YoY: 10.6%
• Active inventory: 555
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $2,861 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$257
• Vacancy / Maint / Mgmt: −$601
• Net cashflow: $1,347

Break-even live

Break-even rent $1,156

Max offer price $95,000

Occupancy floor 48%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $257 · $3,084/yr
• Likely covers: gaspool

Listing history 6 events

1. 2026-06-19
   days on market $95,000 Active 5 DOM
2. 2026-06-18
   days on market $95,000 Active 4 DOM
3. 2026-06-17
   status $95,000 Active 3 DOM
4. 2026-06-07
   statusdays on market $95,000 Pending 3 DOM
5. 2026-06-03
   remarks 689-char remark
6. 2026-06-03
   listed $95,000 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 2/10 Low 9 d/yr ≥80°F today · 25 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,334
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$2,747
• − Management: −$2,747
• − HOA: −$3,084
• − Depreciation: −$2,764
• Taxable income: $15,771
• Est. tax owed @ 24.0%: −$3,785
• After-tax cash flow: $12,376/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

Good 75/100 Cosmetic rehab

This well-maintained, ski-in/ski-out condo offers excellent amenities and is located in a prime location with mountain views.

Value-add opportunities

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value.
• Both Clean pool and hot tub — A clean pool and hot tub are essential amenities for both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Both Clean pool and hot tub — A clean pool and hot tub are essential amenities for both resale and rental value. ↑

ⓘ 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: Steamboat Springs School District No. RE-2
• NCES district ID: 0806660
• Math proficiency: 49% ▼ -9.00%
• Reading proficiency: 72% ▲ 1.00%
• Median HH income: $67,833
• Composite: 53.1/100
• National rank: #1513
• State rank: #4 of 86 in CO

Livability — Steamboat Springs

• Score: 74/100
• State rank: #41
• US rank: #4975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steamboat Springs, CO
• County: Routt County · 18,525 people
• City population: 18,525
• Metro: Steamboat Springs, CO
• Population (ZIP): 18,525
• Household income: $109,659
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 644.0

Population outlook (Routt County) Hauer SSP2

• Today (2025): 27,283 people
• By 2030: 28,555 · +4.7%
• By 2040: 30,578 · +12.1%
• By 2050: 32,328 · +18.5%
• By 2075: 36,897 · +35.2%
• By 2100: 38,794 · +42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 12% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 7% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Routt

• 2024 margin: Strong D (+27.7) · D 62.5% · R 34.8% · Other 2.8%
• 2008→2024 swing: +0.9pp no change · 2008: 26.9pp · 2024: 27.7pp
• All cycles: 2024: D+27.7 2020: D+27.6 2016: D+17.0 2012: D+15.6 2008: D+26.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -342.73%
• Current HPI: 471.8844
• Rent YoY: ▲ 10.61%
• Metro: Steamboat 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

1 event — show timeline

• 2026-06-02 Listed $95,000 SAR