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$485,000

Sale Pending
11923 Claude Way, Northglenn, CO 80233
4 Beds
2 Baths
1,530 Square Feet
0.17 Acres Lot
Built in 1970
Sale Pending
Units n/a
Checked: 2 hours ago
Updated: Sep 16, 2025 at 10:52AM

Investment Summary


Monthly Cash Flow
-$971
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Property Description


0.17 Acres Lot
Built in 1970
Sale Pending
Units n/a

Come and take a look at this recently update brick rancher in Northglenn and just blocks from Wyco Park. The curb appeal box has been checked on this property: fresh exterior paint, new roof and windows, as well as a newly laid stone driveway with tandem parking and attached garage. As you enter the front door, the main level updates include vinyl plank flooring, interior paint, a trendy accent wall, and updated full bathroom with designer tile work and stylish vanity. Both main level bedrooms feature ample closet space and the full bathroom has a private door into the into the primary bedroom. The eat-in, open kitchen includes new shaker cabinetry, quartz countertops, trendy and gleaming tile backsplash, as well as stainless steel appliances. The basement square footage is highlighted be an additional living/family room perfect for movie or game nights, your spacious laundry/utility (new HVAC) area with plenty of space for additional customization, and a second bathroom complete with stylish finishes and new fixtures. All of this set on a great lot with a covered patio and large backyard, and easy access to two light rail stations for quick access to the city. If you're looking for a turn key home this is the one!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Concrete, Gravel, Tandem, Attached
  • Garage Spaces: 1
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

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

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: R0027998
  • Lot Size: 7350 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1970

Tax Information

  • Annual Tax: $3,159

Utilities

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

Location

  • County: Adams

Listing Details


Listed by:
Alex Swanson
West and Main Homes Inc
(720) 833-1903

Source:
REColorado
MLS#: 2443557
REColorado

Investment Summary


Monthly Cash Flow
-$971
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$485,000
Amount financed:
-$388,000
Down payment:
$97,000
Closing costs:
$14,550
Rehab costs:
$0
Initial cash invested:
$111,550
Square feet:
1,530
Cost per square foot:
$317
Monthly rent per square foot:
$1.50

Financing Details

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Loan amount:
$388,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,295
Property tax:
$263
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,719

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%-$263-$3,159
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%-$838-$10,059

Cash Flow


Monthly Yearly
Net operating income:
$1,324 $15,888
Mortgage payments:
-$2,295 -$27,540
Cash flow:
-$971 -$11,652