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$699,900

For Sale - Active
109 W Simpson St, Lafayette, CO 80026
3 Beds
2 Baths
1,872 Square Feet
0.09 Acres Lot
Built in 1920
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jun 14, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$2,320
Cap Rate
2.3%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.7%

Property Description


0.09 Acres Lot
Built in 1920
For Sale - Active
Units n/a

Steps from East Simpson Coffee, Teocalli, and Ghost Box Pizza, this 3-bed, 2-bath home offers a flexible layout with two kitchens and separate entrances—perfect for guests, multi-gen living, or your next big idea. It’s seen thoughtful upgrades like renovated flooring, new appliances, and central AC, but still leaves room for your personal touch and vision. Original charm remains with hardwood floors and picture moulding. Detached garage adds storage and function. Located in one of Lafayette’s most walkable neighborhoods, this home is ready for what’s next. Up to $12,000 in lender incentives—ask for details!

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Location


Property Details


Parking

  • Description: Detached Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 157503114006
  • Lot Size: 4011 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1920

Tax Information

  • Annual Tax: $2,901

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Boulder

Listing Details


Listed by:
Jessica MacMillan
West and Main Homes Inc
(720) 300-1334

Source:
REColorado
MLS#: 1706523
REColorado

Investment Summary


Monthly Cash Flow
-$2,320
Cap Rate
2.3%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.7%

Purchase Details

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Purchase price:
$699,900
Amount financed:
-$559,920
Down payment:
$139,980
Closing costs:
$20,997
Rehab costs:
$0
Initial cash invested:
$160,977
Square feet:
1,872
Cost per square foot:
$374
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$559,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,665
Property tax:
$242
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,068

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$242-$2,901
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$817-$9,801

Cash Flow


Monthly Yearly
Net operating income:
$1,345 $16,140
Mortgage payments:
-$3,665 -$43,980
Cash flow:
$2,320 $27,840