Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$1,334,900

For Sale - Active
10215 W Wesley Dr, Lakewood, CO 80227
5 Beds
6 Baths
5,463 Square Feet
0.39 Acres Lot
Built in 2008
For Sale - Active
1 Units
Checked: 2 days ago
Updated: Apr 23, 2025 at 05:10AM

Investment Summary


Monthly Cash Flow
-$3,252
Cap Rate
2.8%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.3%

Property Description


0.39 Acres Lot
Built in 2008
For Sale - Active
1 Units

*** PRICE NEWLY REDUCED *** Nestled in the coveted Overlook at Bear Creek you will find a true gem here and one you can make your forever home! Thoughtfully planned and designed to accommodate comfortable living and entertaining at the highest levels! The curb appeal and front entrance greets you with a grand feel as you open the front door to vaulted ceilings with an abundance of natural light. As you make your way through the main level you will find a well thought out chefs kitchen perfect for creating your culinary favorites. You will have plenty of options as to where you can enjoy them, as you have an oversize dining room perfect for hosting larger formal dinner parties, as well as plenty of room to eat near the kitchen inside or out within view of the living room for your personal entertainment conveniences, or your easy in and out for dining, grilling or just enjoying the view of your beautifully landscaped backyard! Up your grand staircase you will find the haven you will yearn to come home to in your plush & sprawling primary suite with it's very own private west facing balcony to enjoy the mountain sunsets that only the foothills of Colorado can offer! Your 5 piece bath with a well thought out double shower and 2 separate walk in closets are just another cherry on top that will win you over at first sight! Upstairs you will also find 3 more generously sized bedrooms, one with its own private bath and the other two joined by a Jack & Jill bath. As if you thought a stone could've gone unturned when you go to the basement you will realize this is where the fun really begins! Greeted by wide open space for entertaining all your guests with a perfectly placed wet bar and a nearby powder room is only the beginning as you will find another living space perfect for a play room or home gym, and 1 more bedroom equipped with it's own 3/4 bath. Make sure you don't miss out on this one, as this is -The One!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Concrete, Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • Association: Overlook at Bear Creek
  • HOA Fee: $105/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 4928415001
  • Lot Size: 16977 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Rustic Contemporary
  • Year Built: 2008

Tax Information

  • Annual Tax: $8,322

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Location

  • County: Jefferson

Listing Details


Listed by:
Dominic Stevens
Keller Williams Realty Downtown LLC
(720) 212-1315

Source:
REColorado
MLS#: 8843231
REColorado

Investment Summary


Monthly Cash Flow
-$3,252
Cap Rate
2.8%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.3%

Purchase Details

Find an Agent

Purchase price:
$1,334,900
Amount financed:
-$1,067,920
Down payment:
$266,980
Closing costs:
$40,047
Rehab costs:
$0
Initial cash invested:
$307,027
Square feet:
5,463
Cost per square foot:
$244
Monthly rent per square foot:
$1.03

Financing Details

Find a Lender

Loan amount:
$1,067,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,317
Property tax:
$694
Insurance:
$392
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,403

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$5,600 $67,200
Vacancy loss: (6%)
6% -$336 -$4,032
Operating income:
$5,264 $63,168

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$694-$8,322
Insurance: (7%)
7%-$392-$4,704
Property management: (8%)
8%-$448-$5,376
Repairs & maintenance: (5%)
5%-$280-$3,360
Capital expenditures: (5%)
5%-$280-$3,360
HOA fees: (2%)
2%-$105-$1,260
Total operating expenses: (39%)
39%-$2,199-$26,382

Cash Flow


Monthly Yearly
Net operating income:
$3,065 $36,780
Mortgage payments:
-$6,317 -$75,804
Cash flow:
$3,252 $39,024