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$1,399,000

For Sale - Active
1151 Kenosha Dr, Larkspur, CO 80118
4 Beds
5 Baths
4,600 Square Feet
0.92 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 20, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$3,716
Cap Rate
3.1%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.4%

Property Description


0.92 Acres Lot
Built in 2017
For Sale - Active
Units n/a

For those with discriminating taste, this home offers sophisticated living amid a serene forest of towering ponderosa pines where tranquility and natural beauty surround you. The property showcases impeccable quality and an extreme WOW factor with uniquely Colorado charm from Gladstone Builders Custom Homes who strategically utilized the acreage to ensure permanent privacy with no future building directly behind this home. Inspired by a deep appreciation for the outdoors, the home is thoughtfully designed to showcase stunning views from every window and features incredible outdoor living spaces including a sprawling flagstone patio with stone fire pit, covered lower-level patio with recently added spa, and an expanded Trex deck. As you enter the 9-foot solid wood front door, you are greeted by an open-concept floor plan with rich hardwood floors, vaulted ceilings, and an abundance of natural light. The gourmet chef's kitchen features top-of-the-line SS appliances, new quartz countertops, and alder wood cabinetry. The kitchen flows seamlessly into a spacious dining room. The family room, with 12 ft vaulted ceilings and a magnificent stone fireplace is ideal for relaxing and entertaining. The expansive primary bedroom offers a luxurious 5-piece en-suite bathroom with a soaking tub, tile shower, and huge walk-in closet. The main floor also includes a private study, an updated powder room, and a welcoming guest bedroom with an en-suite bathroom. The lower level offers a large family room and recently added 600 sq ft game/exercise room, 2 bedrooms, 2 bathrooms and over 400 sf of storage. The expanded 3-car insulated garage features a built-in workbench and epoxy floor. Located near the Bear Dance and Perry Park golf courses, this home provides the feel of contemporary mountain living near the city with city water, sewer, natural gas, and high-speed internet. Enjoy the tranquility of the area while still being just a 30-minute drive from DTC or Colorado Springs.

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Location


Property Details


Parking

  • Description: Oversized
  • Details: Oversized, Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 17
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Sage Port HOA
  • HOA Fee: $50/annually

Land Information

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

Lot Information

  • Parcel ID: R0067811
  • Lot Size: 40075 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Mountain Contemporary
  • Year Built: 2017

Tax Information

  • Annual Tax: $7,968

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Douglas

Listing Details


Listed by:
Diane Reiter
HomeSmart
(303) 887-2154

Source:
REColorado
MLS#: 6486356
REColorado

Investment Summary


Monthly Cash Flow
-$3,716
Cap Rate
3.1%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.4%

Purchase Details

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Purchase price:
$1,399,000
Amount financed:
-$1,119,200
Down payment:
$279,800
Closing costs:
$41,970
Rehab costs:
$0
Initial cash invested:
$321,770
Square feet:
4,600
Cost per square foot:
$304
Monthly rent per square foot:
$1.35

Financing Details

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Loan amount:
$1,119,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$7,326
Property tax:
$664
Insurance:
$434
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,424

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,200 $74,400
Vacancy loss: (6%)
6% -$372 -$4,464
Operating income:
$5,828 $69,936

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$664-$7,968
Insurance: (7%)
7%-$434-$5,208
Property management: (8%)
8%-$496-$5,952
Repairs & maintenance: (5%)
5%-$310-$3,720
Capital expenditures: (5%)
5%-$310-$3,720
HOA fees: (0%)
0%-$4-$48
Total operating expenses: (36%)
36%-$2,218-$26,616

Cash Flow


Monthly Yearly
Net operating income:
$3,610 $43,320
Mortgage payments:
-$7,326 -$87,912
Cash flow:
$3,716 $44,592