Another day, another ski town.
Last week we discussed buying a vacation home in Aspen, Colorado. This week I will look at buying a basic 1000 square foot condo in Beaver Creek, Colorado. I will also present approximate mortgage payments, sale prices, and an idea of what you can make as rental income off of the property.
Are you looking for a bar to schmooze in? Look no further! Beaver Creek boasts some of the best breweries and chophouses around. From the Gore Range Brewery to the Coyote Cafe to the giant margaritas at the Dusty Boot Steakhouse and Saloon, you won’t find a colder beer or better steak!
Walking in a winter wonderland.
There are so many activities to do in Beaver Creek. Of course, there is a ski resort. Psst! For all the nordic skiers there is also a nordic center nearby! Skate the night away at the local ice rink, or use your best “mush!” on an afternoon dogsled excursion. There are also the Beaver Creek stables for those who have a soft spot for the horses. If you are just looking for the most breathtaking view possible, check out the White River National Forest.
Here is the deal of a lifetime! A 2 bedroom, 2 bath, 1032 square foot condo in Beaver Creek is selling for a steal of a deal at the price of $795,000! That is knocked down by a whopping $100k from its original asking price! That would make your monthly payment roughly $3562/month.
Think about this, if you can gain some of that sale price back through your rental income would it be an even better deal?
You could rent the same property for roughly $2300/month. If you aren’t using the property, it could be a great place to rent out and gain income from.
Don’t forget to use a professional.
A local buyers agent has many connections to property managers, financing, inspectors, insurance, and just about every type of listing there is. They will definitely be 100% on your side throughout the purchase process.