Breckenridge, Colorado provides a high demand for rental properties, specifically for our target markets (high income middle aged and young professionals). This area provides an escape from stressful work environments by offering leisurely activities including biking, golf, skiing, shopping, dining, museum tours and a plethora of other activities. Our rental property offers comparable prices to the competition while providing upscale amenities and the exclusivity of the Stonehaven Community. The Stonehaven area offers future opportunities with development along Highway 9. This area also has projected home value increases of 2% per year, which allows us to command a higher rental rate if we see fit.
The property at 28 The North Road, Breckenridge, CO 80424 offers 4 bedrooms, 2 full and 2 half bathrooms and sits on over 3,400 square feet. The home itself is approximately 2,385 square feet and offers scenic views of the Breck Golf Course and the accompanying mountainous region.
Our research found that this project will be profitable whether it is financed or not. The unleveraged NPV of the project is $292,606 with an Internal Rate of Return of 15.17%. The leveraged NPV of the project $553,534 and the Internal Rate of Return is 49%. Our finance team recommends that we procure the property through debt financing, because it bolsters the most robust returns.
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