Beaver Run Condo Investment Property

Beaver Run Condo - Breckenridge CO

When considering the purchase of a Summit County Colorado investment property, Beaver Run Condo in Breckenridge is a great place to start as it is one of the top producing rental properties in all of Summit County when looking at rental income as a percentage of purchase price.

This is due to several factors including ski-in / ski-out location, several onsite amenities (i.e. swimming pool, hot tubs, several restaurants, tennis court, exercise room, steam room, sauna, kid's game room, onsite rental management, free shuttle service), and convenience to downtown Breckenridge.

Beaver Run Resort is also a large property with over 400 individual residences of several different sizes within a wide range of prices. Therefore up to date recent sales, current listings, and rental income information is always readily available.

The following links will open .PDF files of Beaver Run Equalized Average Revenues for the various property types at Beaver Run Condo for the given years:
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |

Beaver Run Condo Investment Property Case Studies

This data is an approximation based on current market conditions. Appreciation, personal usage and various tax benefits have not been factored in. Please consult your investment adviser.

Subject Investment Property : Bld #4 1 Bedroom
Date Added : 08/16/10  
List Price : $365,000  
Year Built : 1985  
# Beds : 1  
# Baths : 1 Full  
Square Feet : 617  
 
Equalized Average Gross Rental Income (2009) $35,209  
Rental Management Fee (45%) $15,844  
Estimated Misc. Annual Expenses $1,000  
Estimated Net Annual Rental Income:   $18,365
 
Annual Home Owners Association (HOA) Fees $6,144  
Annual Taxes (2008): $1,747  
Approximate Annual Utilities : All included in HOA fees
Approximate Annual Property Expenses :   $7,891
 
Approximate Annual Net Income   $10,474
 
% of Approximate Annual Net Income to List Price   2.87 %
 

One recent sale of a Beaver Run condo of this size not list in the case study below is as follows:

Condo Sold Price Price / SF Sold Date
4323 $360,000 $583 9/4/2009

Readers may also be interested in a table showing all building #4 Beaver Run Condo sales dating back to 01/01/2000.

 

 

Subject Investment Property : Bld #4 1 Bedroom
Date Added : 07/14/09  
List Price : $385,000  
Year Built : 1985  
# Beds : 1  
# Baths : 1 Full  
Square Feet : 617  
 
Equalized Average Gross Rental Income (2008) $41,683  
Rental Management Fee (45%) $18,757  
Estimated Misc. Annual Expenses $1,000  
Estimated Net Annual Rental Income:   $21,926
 
Annual Home Owners Association (HOA) Fees $6,072  
Annual Taxes (2007): $1,506  
Approximate Annual Utilities : All included in HOA fees
Approximate Annual Property Expenses :   $7,578
 
Approximate Annual Net Income   $14,384
 
% of Approximate Annual Net Income to List Price   3.74 %
 
$14,384 / year will cover a 30 yr. fixed loan of just under $195,000 at 6.25% interest.

Past sales of other 617 Sq.Ft. Beaver Run Bld.#4 1 Bed / 1 Bath condos:

Condo Sold Price Price / SF Sold Date
4101 $370,000 $599.68 6/26/2009
4413 $405,000 $656.40 4/24/2008
4416 $410,000 $664.51 1/15/2008
4131 $415,000 $672.61 10/9/2007
4301 $394,000 $638.57 10/1/2007
4523 $397,000 $643.44 7/30/2007

 

Subject Investment Property : Bld #3 Townhome style 2 Bed
Date Added : 12/22/08  
List Price : $649,000  
Year Built : 1980  
# Beds : 2  
# Baths : 2 Full  
Square Feet : 1,127  
 
Equalized Average Gross Rental Income (2007) $54,093  
Rental Management Fee (45%) $24,342  
Estimated Misc. Annual Expenses $1,500  
Estimated Net Annual Rental Income:   $28,251
 
Annual Home Owners Association (HOA) Fees $11,052  
Annual Taxes (2007): $2,104  
Approximate Annual Utilities : All included in HOA fees
Approximate Annual Property Expenses :   $13,156
 
Approximate Annual Net Income   $15,095
 
% of Approximate Annual Net Income to List Price       2.33 %
 
As of this posting, the most recent sale of this floor plan in Building #3 was on 08/26/08 for a sale price of $664,500

 

Subject Investment Property : Bld #4 Deluxe Studio
Date Added : 12/22/08  
List Price : $370,000  
Year Built : 1985  
# Beds : Studio  
# Baths : l  
Square Feet : 509  
 
Equalized Average Gross Rental Income (2007) $29,683  
Rental Management Fee (45%) $13,357  
Estimated Misc. Annual Expenses $750  
Estimated Net Annual Rental Income:   $15,576
 
Annual Home Owners Association (HOA) Fees $5,028  
Annual Taxes (2007): $1,143  
Approximate Annual Utilities : All included in HOA fees
Approximate Annual Property Expenses :   $6,171
 
Approximate Annual Net Income   $9,405
 
% of Approximate Annual Net Income to List Price   2.54 %
 
The most recent sale of this floor plan in Building #4 was on 09/08/08 for a sale price of $368,000

For other Summit County Investment Property information, please see the following: