Castle Rock- highest best use for House with View STR?

[Michael C.]

Hello all, 

I am trying to figure out if this custom home on the hill in Castle Rock Co is a good investment. 
The best strategy I see for it is as a Luxury STR, I'm just not sure the market supports this.

[AJ Wong]

HI Michael, I'm a huge fan of all things Colorado but I've heard STR restrictions have been tightening..AirDNA and local PM would be a good projection and analysis resource. I've helped several CO based investors explore luxury STR's here on the OR Coast, there are still very strong COC & ROI opportunities. Definitely check in with @Joseph Chiofalo for Jumbo second home and investor loan products, we just had an unbeatable rate and appraisal waiver here on the coast. DM me with any STR related questions or help with analysis. Good luck!