Westen Slope Colorado -CAP rates/ ROI (Telluride Grand Junction)

[Scott Elkins]

Western Slope Colorado folks:

What are we seeing for above average returns on the Western Slope?

Grand Junction Delta Paonia Montrose Ridgway Telluride

I tend to find above 8%to be great, yet have a lower socio economic profile( very little risk yet not grade B parcels. ( yes its a little sleepy over here, with older inventory)

I see 6% deals all the time, but as RE investors we want the 1% rule or better CAP rates/ROI.

I am just doing some market research in the small towns from Durango north to GJ.

I have a 8.5% CAP( 5 plex )listed in the marketplace in Montrose CO and wanted to see how competitive we are, and I just bought a 10.5% cheap 85k townhome in Delta.

(in Telluride of course they are terrible and only banking on appreciation)