For sale about 2 months ago

$860,000

2 bd ba 2700 sqft

11 Hawk Ln., Basalt, CO 80228

Residential SFR Off MLS

Current Rent

$9,531

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

17%+ Cash on Cash STR in beautiful Basalt, CO

This place is a cash machine! We unfortunately are deciding to part ways with it (personal reasons) after a very successful year of renting it out short term with $115k in revenue to show! It is in a very safe area for STR with rules and it has close to 90% occupancy. I ran numbers at a 5.5% rate, equating for all of our actual fixed costs and our actual revenue from the past 6 months. What I came up with was a 17% Cash on Cash ROI on 25% down (9.5% Cap Rate) and a 20%+ Cash on Cash ROI on a 20% down loan. Not to mention a beautiful place to vacation yourself. Oh, and it comes fully furnished! This one won't last long, even off market.

Location:

11 Hawk Ln., Basalt, CO 80228

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*The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.