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$1,625,000

For Sale - Active
14022 E Fair Pl, Centennial, CO 80111
4 Beds
4 Baths
4,178 Square Feet
0.42 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 3 days ago
Updated: Oct 18, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$3,875
Cap Rate
2.8%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.0%

Property Description


0.42 Acres Lot
Built in 2014
For Sale - Active
Units n/a

a Grand 4 bed, 4 bath home nestled in a peaceful cul-de-sac gives a welcoming reception with a covered porch surrounded by beautiful brick work. Kick your shoes off in the spacious foyer with the surprise of a lovely art niche to guide you in. Tucked to the side of the foyer is a main floor office with French glass doors. High & vaulted ceilings, custom details throughout the home give an opulent feeling. Stately kitchen has granite countertops & Thermador appliances. The main sink has a touchless faucet, soap dispenser & water filtration system. Large island also has a prep sink with touchless faucet. Other features include walk-in pantry, wet bar-coffee station with wine cooler & under cabinet lighting. The kitchen leads to an inviting covered patio overlooking the backyard. Enjoy surround sound inside & outside (sub-woofer, 6 speakers in family room, 2 on patio). Spacious living room adjoins the dining room featuring a hutch alcove & accent light in an elegant ceiling tray. The open & bright feel of the main living space includes a cozy family room with a fireplace with a rustic mantel & brick. Main floor laundry room with washer & dryer, NEW utility sink, plenty of counter & storage space. Main floor powder room & mud room with built-ins located in the garage entry wing. Open stairway leads to upper level with 4 Bedrooms & 3 Bathrooms. The roomy Primary Bedroom has a 5-piece luxury bathroom. Find 2 additional spacious bedrooms adjoined by a full Jack & Jill bath & the 4th bedroom has an ensuite 3/4 bath. Walk-out unfinished basement, water softener system, daylight windows, leads to a covered patio. Have it your way…rec room, gym, guest bedroom, alcove makes a sweet place for a wine room walk out to the backyard patio, great gathering area, perhaps a fire pit, pizza oven. 3-car attached garage with work bench. Nearby Valley Country Club (golf/swim) & Cherry Creek State Park, a great place to stroll & play! the Seller requires 4 hr. notice for showings.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Bath/Stubbed, Daylight, Exterior Entry, Full, Unfinished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Concrete Perimeter, Slab
  • Roof Type: Gable or Hip
  • Roof Material: Concrete

HOA

  • Has HOA: Yes
  • Association: Valley CC / ACCU
  • HOA Fee: $800/annually

Land Information

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

Lot Information

  • Parcel ID: 207524110005
  • Lot Size: 18295 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2014

Tax Information

  • Annual Tax: $11,374

Utilities

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

Location

  • County: Arapahoe

Listing Details


Listed by:
Diane Sorensen
Kentwood Real Estate Cherry Creek
(720) 291-1484

Source:
REColorado
MLS#: 4591162
REColorado

Investment Summary


Monthly Cash Flow
-$3,875
Cap Rate
2.8%
Cash-on-Cash Return
-12.4%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.0%

Purchase Details

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Purchase price:
$1,625,000
Amount financed:
-$1,300,000
Down payment:
$325,000
Closing costs:
$48,750
Rehab costs:
$0
Initial cash invested:
$373,750
Square feet:
4,178
Cost per square foot:
$389
Monthly rent per square foot:
$1.68

Financing Details

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Loan amount:
$1,300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$7,690
Property tax:
$948
Insurance:
$490
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,128

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$7,000 $84,000
Vacancy loss: (6%)
6% -$420 -$5,040
Operating income:
$6,580 $78,960

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$948-$11,374
Insurance: (7%)
7%-$490-$5,880
Property management: (8%)
8%-$560-$6,720
Repairs & maintenance: (5%)
5%-$350-$4,200
Capital expenditures: (5%)
5%-$350-$4,200
HOA fees: (1%)
1%-$67-$804
Total operating expenses: (39%)
39%-$2,765-$33,178

Cash Flow


Monthly Yearly
Net operating income:
$3,815 $45,780
Mortgage payments:
-$7,690 -$92,280
Cash flow:
-$3,875 -$46,500