Keystone Colorado Investment Property

Keystone Investment Property Case Studies

Keystone Colorado is home to the largest conference facility in Summit County and this helps increase the rental income potential of investment properties here during the non-ski months. Various events are also sponsored by River Run and around Keystone Lake during the summer.

Another appealing aspect of investment property in Keystone is that many such properties have the rental and Home Owner's Association management handled by the same company, Keystone Property Management. This allows Keystone investment property to be "hands-off" and very convenient to own.

Below you will find some specific investment property case studies for rental properties in Keystone Colorado. See also the general Summit County Colorado Investment Property guidelines.

Subject Investment Property : Wild Irishman Bld.2 #1002
Date Added : 06/02/2010  
List Price : $299,000  
Year Built : 1972  
# Beds : 3  
# Baths : 2  
Square Feet : 1,144  
 
Net Annual Rental Income (2009):   $14,095
 
Annual Home Owners Association Fees : $9,432  
Annual Taxes (2009): $954  
Resort/Neighborhood Fee $0  
Misc. Expenses: $1000  
Approximate Annual Property Expenses :   $11,386
 
Approximate Annual Net Income   $2,709
 
% of Approximate Annual Net Income to List Price   0.9 %
 
Comments: This listing has new flooring and fresh paint.

Sales of other 3 bedroom Wild Irishman condos dating back to 2007.

Sale Price Sold Date List Price Sq. Ft.
$308,000 10/15/2009 $319,900 1340
$290,000 4/9/2009 $306,000 1049
$295,000 12/19/2008 $329,000 1144
$310,000 8/25/2008 $329,900 1144
$329,000 10/31/2007 $329,000 1049
$299,000 1/18/2007 $299,000 1144

 

Subject Investment Property : Expedition Station #8573
Date Added : 08/04/2009  
List Price : $424,500  
Year Built : 1998  
# Beds : 2  
# Baths : 2  
Square Feet : 835  
 
Net Annual Rental Income (2008):   $16,722
 
Annual Home Owners Association Fees : $6,276  
Annual Taxes (2008): $1,112  
Resort/Neighborhood Fee $691  
Misc. Expenses: $1000  
Approximate Annual Property Expenses :   $9,079
 
Approximate Annual Net Income   $7,643
 
% of Approximate Annual Net Income to List Price   1.8 %
 
Comments: Walking distance to gondola in River Run.

Most recent sales of other 835 Sq.Ft. Expedition Station Condos as of the date of this posting:

Sale Price Sold Date List Price Unit Number
$450,000 6/24/2008 465,000 8615
$445,000 3/24/2008 459,900 8599
$440,000 11/30/2007 449,000 8598

 

Subject Investment Property : Key Condo #2935
Date Added : 02/14/05  
List Price : $197,900  
Year Built : 1972  
# Beds : 2 + Loft  
# Baths : 1.5  
Square Feet : 786  
 
Gross Annual Rental Income : N/A
Avg. Gross Annual Rental Income For Comparable Properties : $22, 833  
Rental Period: 01/01/04 to 12/31/04  
Rental Management Fee (50%) $11,167  
Estimated Misc. Annual Rental Expenses $500  
Net Annual Rental Income:   $11,166
 
Annual Home Owners Association Fees : $5,805  
Annual Taxes (2005): $611  
Approximate Annual Utilities : $1,248  
Approximate Annual Property Expenses :   $7,664
 
Approximate Annual Net Income   $3,502
 
% of Approximate Annual Net Income to List Price   1.77 %
 
Comments: Walk to the lifts and ski home to just across the street, on the shuttle route.

 

Subject Investment Property : Wild Irishman #1088
Date Added : 02/14/05  
List Price : $191,500  
Year Built : 1972  
# Beds : 2  
# Baths : 2  
Square Feet : 930  
 
Gross Annual Rental Income : $19,137  
Rental Period: 01/01/04 to 12/31/04  
Rental Management Fee (50%) $9,382  
Misc. Annual Rental Expenses $373  
Net Annual Rental Income:   $9,382
 
Annual Home Owners Association Fees : $6,450  
Annual Taxes (2005): $660  
Annual Utilities : $1,872  
Annual Property Expenses :   $8,982
 
Annual Net Income   $400
 
% of Annual Net Income to List Price   0.20 %
 
Comments: Gross Annual Rental Income for this property in 2002 was $23, 563. Free shuttle to the lifts. Pool onsite.

All of the above data is an approximation based on current market conditions. Appreciation, personal usage and various tax benefits have not been factored in. Please consult your investment adviser.