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$735,000

Under Contract
12990 Mesa View Rd, Larkspur, CO 80118
3 Beds
3 Baths
1,557 Square Feet
10.00 Acres Lot
Built in 1980
Under Contract
Units n/a
Checked: 14 hours ago
Updated: Jun 19, 2025 at 03:15AM

Investment Summary


Monthly Cash Flow
-$1,994
Cap Rate
3.0%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.7%

Property Description


10.00 Acres Lot
Built in 1980
Under Contract
Units n/a

Nestled in the heart of the Rocky Mountains, this breathtaking property offers a serene and secluded retreat for those seeking an escape from the hustle and bustle of everyday life. As you step up to the front door, you'll be greeted by breathtaking 360-degree views of the surrounding mountains, valleys, and meadows. The perfect spot to watch the sunrise or sunset. The interior features a warm and inviting atmosphere, complete with living room, dining area and remodeled kitchen on the main level. The lower level features a family room with wood burning stove/fireplace. Laundry and half bath are near the entrance to the attached, 2-car garage. Upstairs you'll discover larger bedrooms than expected. The primary bedroom has an attached, remodeled bath with heated floors. Two additional bedrooms upstairs share a full, remodeled bathroom with solid surface counters and floors. The property boasts a generous 10-acre lot, fencing on 3 sides, providing an environment for the possibility of horses (check with Douglas County for specifics) and pets. Spend some time exploring the professionally built Cleary pole barn/shop that currently houses 7 vehicles! The shop is built for a future concrete floor and has two garage doors, two side doors and electricity. Private well and septic system. Easy access to nearby trails and recreational areas.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 9
  • Spaces Total: 9

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 13
  • Basement: Yes
  • Basement Description: Daylight, Interior Entry, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: R0175880
  • Lot Size: 435600 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1980

Tax Information

  • Annual Tax: $4,240

Utilities

  • Heating: Fireplace Insert, Baseboard, Electric, Wood, Wood Stove
  • Cooling: None

Location

  • County: Douglas

Listing Details


Listed by:
Dianna Doyle
RE/MAX Real Estate Group Inc
(719) 339-3425

Source:
REColorado
MLS#: 9912435
REColorado

Investment Summary


Monthly Cash Flow
-$1,994
Cap Rate
3.0%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.7%

Purchase Details

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Purchase price:
$735,000
Amount financed:
-$588,000
Down payment:
$147,000
Closing costs:
$22,050
Rehab costs:
$0
Initial cash invested:
$169,050
Square feet:
1,557
Cost per square foot:
$472
Monthly rent per square foot:
$2.06

Financing Details

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Loan amount:
$588,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,849
Property tax:
$353
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,426

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$353-$4,240
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$1,153-$13,840

Cash Flow


Monthly Yearly
Net operating income:
$1,855 $22,260
Mortgage payments:
-$3,849 -$46,188
Cash flow:
$1,994 $23,928