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$1,749,000

For Sale - Active
229 Lee Ln, Breckenridge, CO 80424
2 Beds
2 Baths
2,448 Square Feet
1.00 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Aug 06, 2025 at 01:31AM

Investment Summary


Monthly Cash Flow
-$3,336
Cap Rate
3.4%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.6%

Property Description


1.00 Acres Lot
Built in 2006
For Sale - Active
1 Units

When you dream of a log home in the mountains, this Beautiful home comes to your mind. Absolutely perfect in every respect this recently remodeled log home is incredibly warm cozy and inviting. Drink in the log accents while you listen to the real wood fireplace crackling in the great room with massive vaulted ceilings and tremendous views of the continental divide while preparing food in the gorgeous open kitchen adjacent to the great room. This is the perfect log home with in floor radiant heat to warm your toes when you get out of bed in the morning to the massive wraparound deck with ample room for entertaining and a sumptuous salt, water, hot tub. The finishes are very custom and incredible with above counter sink bowls, and several solid hand crafted wood counters that fit perfectly with the granite used. The home is located on a 1/2 acre lot and the half acre lot next door is included in the sale. Build the garage/shop of your dreams with the caretakers quarters upstairs to finish out the spectacular property. This is an absolute must see property. Downstairs office can be easily turned into a fourth bedroom and the closet is plumbed for a three-quarter bath.

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Location


Property Details


Parking

  • Description: Heated Garage
  • Details: Concrete, Gravel, Heated Garage, Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Bath/Stubbed, Finished, Full, Interior Entry, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Log
  • Foundation: Concrete Perimeter
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2800585
  • Lot Size: 43560 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Chalet, Mountain Contemporary
  • Year Built: 2006

Tax Information

  • Annual Tax: $4,464

Utilities

  • Water & Sewer: Private, Well
  • Heating: Hot Water, Radiant Floor
  • Cooling: Ceiling Fan(s), None

Location

  • County: Summit

Listing Details


Listed by:
Tom Day
Engel & Volkers Denver
(970) 390-1801

Source:
REColorado
MLS#: 9264839
REColorado

Investment Summary


Monthly Cash Flow
-$3,336
Cap Rate
3.4%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.6%

Purchase Details

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Purchase price:
$1,749,000
Amount financed:
-$1,399,200
Down payment:
$349,800
Closing costs:
$52,470
Rehab costs:
$0
Initial cash invested:
$402,270
Square feet:
2,448
Cost per square foot:
$714
Monthly rent per square foot:
$3.15

Financing Details

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Loan amount:
$1,399,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$8,277
Property tax:
$372
Insurance:
$539
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,188

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,700 $92,400
Vacancy loss: (6%)
6% -$462 -$5,544
Operating income:
$7,238 $86,856

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$372-$4,464
Insurance: (7%)
7%-$539-$6,468
Property management: (8%)
8%-$616-$7,392
Repairs & maintenance: (5%)
5%-$385-$4,620
Capital expenditures: (5%)
5%-$385-$4,620
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$2,297-$27,564

Cash Flow


Monthly Yearly
Net operating income:
$4,941 $59,292
Mortgage payments:
-$8,277 -$99,324
Cash flow:
$3,336 $40,032