Silverthorne, CO investment question for shortterm

[Mike Zupan]

I'm looking to buy around Silverthorn or Dillon and making it a short term rental in hopes to offset a few vacations up in the mountains. Anyone have an recent numbers on how well things do up there in the winter vs summer. 

I'm outside of Denver and I know a lot of people go up to the mountains in the summer also but just not sure if the whole ski season can hold an investment through the non-ski season. 

I'm also aware of the pending tax hikes on short term rentals in the area.

Thanks

[Garry C.]

@Mike Zupan, as @Dan Mackin stated, I don't have rentals in Summit County. All of mine are currently within Grand County. With that said, I was up at Copper 2 weeks ago to catch that foot of powder that fell on Friday, and on the way home stopped in Frisco for coffee. There was an open house at the condos right off the highway, I forget the name already, but I had rented one a few years prior. They are 2Br/2Ba, about 1100sqf, and they have a community hot tub and sauna on the bottom floor.

I stopped in to check it out and was a bit taken aback to see one of these listed at $595k. The agent informed me that it could bring in about $45k/year if the owner was not using it so often. The rental numbers they were sharing only showed about $35k/year in revenue.

The agent also mentioned that there were 2 studio units down the street, same owner, for sale for about $250k/each. No idea what the rental numbers on those looked like, but my studio unit does do slightly better than my 1 or 2 beds, comparatively (slightly lower price, but generally higher occupancy). 

I'll let you do the math on that and figure out if those numbers work for you. But I decided to grab my coffee and get back on the road rather quickly. That price/sqf is almost double anything I've seen in Grand County, and things are booming there right now. I guess I should add that I haven't purchased anything in GC in a while either (about a year). Even at almost half the price of Summit County, the current numbers don't work well enough for me to make new investments there either.