2–4 Unit Multi-Family Financing in Winter Park, CO

2–4 Unit Multi-Family investing in Winter Park

A 2–4 unit property in Winter Park is still residential financing — it is underwritten on the 1025 Small Residential Income Property appraisal rather than a commercial rent roll, so you keep 30-year fixed terms while spreading vacancy risk across multiple doors. Losing one tenant in a duplex costs you roughly half your income instead of all of it.

At the Winter Park median of $785,000, a 2–4 unit multi-family prices near $1,240,300 for a typical duplex — small multifamily trades at a premium per building but a discount per door. Minimum down is 25% ($310,075), leaving a loan of $930,225. Estimated all-in PITIA runs about $7,513 per month.

Returns and structure

Return metrics at the Winter Park median for this product: an estimated cap rate of 5.13%, and monthly cash flow of $1,043 positive at 25% down. A file that cash-flows at the minimum down payment is the exception in Colorado right now, and it gives you room to absorb an insurance renewal without going to the reserve account. Note that the $930,225 loan amount exceeds the $883,200 conforming limit for Grand County, so agency pricing is off the table and this is a jumbo DSCR file.