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$739,900

For Sale - Active
370 E La Bonte St Unit 502, Dillon, CO 80435
3 Beds
2 Baths
1,068 Square Feet
0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Aug 10, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$2,132
Cap Rate
2.2%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-10.5%

Property Description


0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a

Welcome to your mountain retreat with eagle's eye views of Lake Dillon, Keystone, and Breckenridge! This bright and beautifully updated 3-bedroom, 2-bath condo is the perfect blend of mountain charm and modern comfort. From the moment you walk in, you’ll feel the warmth and character of this thoughtfully designed place—featuring sleek finishes, luxury vinyl tile, abundant storage, and big closets (because even mountain lovers need room for gear and sweaters). Enjoy your morning coffee or après-ski beverage with panoramic lake and mountain vistas from the living room, accented by a cozy corner gas fireplace. Located in the heart of Dillon, you're just steps from tennis courts, the Amphitheater, Farmers Market, Marina, Tiki Bar, bike path, and free shuttle—basically all the fun stuff. The flexible floor plan includes a lock-off option, perfect for guests, rental income, or that friend who “just needs to crash for the season.” The strong, stable HOA covers nearly everything—heat, electricity, water, trash, and access to a clubhouse where you can soak, sauna, or school your friends at ping pong. With quick access to five ski resorts, golf courses, trails, shops, and dining, this place isn’t just a home—it’s a launchpad for adventure. Come take a look... your mountain lifestyle (and stories worth telling) start here!

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Location


Property Details


Parking

  • Description: Open
  • Details: Asphalt
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 7

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Material: Shingle, Other

HOA

  • Has HOA: Yes
  • Association: Lakeview HOA
  • HOA Fee: $924/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 900927
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1973

Tax Information

  • Annual Tax: $2,286

Utilities

  • Heating: Baseboard
  • Cooling: None

Location

  • County: Summit

Listing Details


Listed by:
Allison Simson
Summit Real Estate-The Simson Group
(970) 468-6800

Source:
REColorado
MLS#: 7153642
REColorado

Investment Summary


Monthly Cash Flow
-$2,132
Cap Rate
2.2%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-10.5%

Purchase Details

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Purchase price:
$739,900
Amount financed:
-$591,920
Down payment:
$147,980
Closing costs:
$22,197
Rehab costs:
$0
Initial cash invested:
$170,177
Square feet:
1,068
Cost per square foot:
$693
Monthly rent per square foot:
$3.37

Financing Details

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Loan amount:
$591,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,501
Property tax:
$191
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,944

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$191-$2,286
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (26%)
26%-$924-$11,088
Total operating expenses: (56%)
56%-$2,015-$24,174

Cash Flow


Monthly Yearly
Net operating income:
$1,369 $16,428
Mortgage payments:
-$3,501 -$42,012
Cash flow:
$2,132 $25,584