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Short-Term Rental · Steamboat Springs, CO

Short-Term Rental Financing in Steamboat Springs, CO

Estimated 0.64x DSCR on a $1,150,000 short-term rental with $287,500 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$1,150,000
25% Down
$287,500
Loan Amount
$862,500
Est. Monthly PITIA
$6,967
Creditable STR Income
$4,464/mo
Est. DSCR Ratio
0.64x

Short-Term Rental investing in Steamboat Springs

Short-term rental financing in Steamboat Springs is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the Steamboat Springs median of $1,150,000, a short-term rental prices near $1,150,000. Minimum down is 25% ($287,500), leaving a loan of $862,500. Estimated all-in PITIA runs about $6,967 per month.

The Steamboat Springs ratio math on this product

Gross nightly revenue in Steamboat Springs models to about $6,200/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $4,464 of creditable income. Against a PITIA of $6,967, that is an estimated DSCR ratio of 0.64x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Yes Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the Steamboat Springs median for this product: an estimated cap rate of 2.56%, and monthly cash flow of $2,503 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Steamboat Springs property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$1,150,00020% ($230,000)$5,200/mo0.71x
2–4 Unit Multi-Family$1,817,00025% ($454,250)$9,672/mo0.88x
Condo & Townhome$828,00020% ($165,600)$4,108/mo0.72x
Short-Term Rental (this page)$1,150,00025% ($287,500)$4,464/mo0.64x

All figures model a purchase at the Steamboat Springs median of $1,150,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Steamboat Springs median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Steamboat Springs Short-Term Rental FAQ

More Steamboat Springs investor resources

Steamboat Springs investor guide
Full market analysis and loan options
Single-Family Rental in Steamboat Springs
0.71x est. DSCR
2–4 Unit Multi-Family in Steamboat Springs
0.88x est. DSCR
Condo & Townhome in Steamboat Springs
0.72x est. DSCR
Routt County investor hub
Every market we finance in the county
DSCR loan requirements in Colorado
DSCR payment calculator

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