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$1,499,000

For Sale - Active
234 Carroll Ln, Breckenridge, CO 80424
4 Beds
4 Baths
4,184 Square Feet
0.54 Acres Lot
Built in 1997
For Sale - Active
1 Units
Checked: 15 hours ago
Updated: Aug 06, 2025 at 01:01AM

Investment Summary


Monthly Cash Flow
-$3,564
Cap Rate
2.8%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.0%

Property Description


0.54 Acres Lot
Built in 1997
For Sale - Active
1 Units

Spacious Home with Income Potential in Quandary Village. 234 Carroll Lane offers exceptional value and versatility in a spacious 4,184 sq. ft. home located in the scenic Quandary Village neighborhood. Set on over half an acre, this 4-bedroom, 4-bath residence, with numerous bonus spaces, offers an abundance of space and functionality—ideal for full-time living, investment, or employee housing. Recent improvements include new exterior paint and new interior paint and carpet, a brand-new roof, and a new boiler. Two separate living areas with two separate entrances create flexible options for multi-generational living, long-term rental, or creative workspace use. The home features a fully operational water holding tank and a septic and leach field system replaced within the last five years. Whether you're a business owner looking for housing solutions or a buyer seeking room to grow, this property delivers lots of space for your money.

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Location


Property Details


Parking

  • Description: No Parking
  • Details: Unpaved, Gravel
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Walk-Out Access

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 2801498
  • Lot Size: 23522 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Modular
  • Year Built: 1997

Tax Information

  • Annual Tax: $4,838

Utilities

  • Water & Sewer: Private, Well
  • Heating: Baseboard, Radiant
  • Cooling: None

Location

  • County: Summit

Listing Details


Listed by:
Amy Nakos
Your Castle Summit
(970) 389-8388

Source:
REColorado
MLS#: 4424580
REColorado

Investment Summary


Monthly Cash Flow
-$3,564
Cap Rate
2.8%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.0%

Purchase Details

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Purchase price:
$1,499,000
Amount financed:
-$1,199,200
Down payment:
$299,800
Closing costs:
$44,970
Rehab costs:
$0
Initial cash invested:
$344,770
Square feet:
4,184
Cost per square foot:
$358
Monthly rent per square foot:
$1.36

Financing Details

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Loan amount:
$1,199,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$7,094
Property tax:
$403
Insurance:
$399
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,896

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,700 $68,400
Vacancy loss: (6%)
6% -$342 -$4,104
Operating income:
$5,358 $64,296

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$403-$4,838
Insurance: (7%)
7%-$399-$4,788
Property management: (8%)
8%-$456-$5,472
Repairs & maintenance: (5%)
5%-$285-$3,420
Capital expenditures: (5%)
5%-$285-$3,420
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$1,828-$21,938

Cash Flow


Monthly Yearly
Net operating income:
$3,530 $42,360
Mortgage payments:
-$7,094 -$85,128
Cash flow:
$3,564 $42,768