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$400,000

For Sale - Active
16860 Askins Loop Unit 102, Parker, CO 80134
3 Beds
2 Baths
1,252 Square Feet
0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Sep 16, 2025 at 07:17PM

Investment Summary


Monthly Cash Flow
-$989
Cap Rate
2.7%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.5%

Property Description


0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Gorgeous home and aggressively priced! This ground level, ranch style, end unit condo is the home you have been waiting for! No stairs from the garage to the unit or on the exterior of the unit! Built in 2024, this open floor plan is well-thought-out and captivating with its 8’ ceilings and modern style throughout. It lives large with 1,252 square feet of the best distributed space ever! Open the door to luxury vinyl plank flooring which paves the way through the common areas. The living room can accommodate multiple furniture pieces and opens to the relaxing back patio. The smartly laid out kitchen is outfitted with all Samsung stainless appliances including a gas stove! It is host to white shaker cabinets with 42” uppers, complementary slab granite and a deep pantry for bonus storage. Popular offset white subway tile creates a nice backsplash. The island seats three or more, includes additional cabinet storage and a composite sink. Right off the kitchen, the 20’ x 10’ garage is spacious and provides storage space for all your extras. Nicely tucked away, the primary bedroom is fit for a king and more. It is at the corner of the building for privacy. It includes a sizable primary bathroom highlighted by a slab granite vanity counter, a tub/shower combo with subway tile to the ceiling and a tile floor. Two secondary bedrooms share a similarly outfitted bathroom. The laundry room with full-size stackable washer and dryer (negotiable), tankless water heater and furnace are within the same large closet, which is also useful for storage. Another sizable storage closet is outside right by the front door. There is a local playground with swings, slide and picnic area. Also relax in the sun at the Stonegate North community pool or enjoy tennis courts, basketball courts or plenty of grassy area. Walk to Starbucks, dining, shopping and more! Dare to dream but hurry as it won't last long!

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Location


Property Details


Parking

  • Details: Concrete, Lighted, Attached
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7

Exterior Features

  • Foundation: Slab

HOA

  • Has HOA: Yes
  • Association: Stonegate Commons
  • HOA Fee: $411/monthly
  • Additional Association: Stonegate Village
  • Additional HOA Fee: $60/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: R0624176
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Urban Contemporary
  • Year Built: 2022

Tax Information

  • Annual Tax: $4,029

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Location

  • County: Douglas

Listing Details


Listed by:
Sonia Shakeshaft
RE/MAX Professionals
(720) 936-4663

Source:
REColorado
MLS#: 9142615
REColorado

Investment Summary


Monthly Cash Flow
-$989
Cap Rate
2.7%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.5%

Purchase Details

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Purchase price:
$400,000
Amount financed:
-$320,000
Down payment:
$80,000
Closing costs:
$12,000
Rehab costs:
$0
Initial cash invested:
$92,000
Square feet:
1,252
Cost per square foot:
$319
Monthly rent per square foot:
$1.92

Financing Details

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Loan amount:
$320,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,893
Property tax:
$336
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,397

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$336-$4,029
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (17%)
17%-$416-$4,992
Total operating expenses: (56%)
56%-$1,352-$16,221

Cash Flow


Monthly Yearly
Net operating income:
$904 $10,848
Mortgage payments:
-$1,893 -$22,716
Cash flow:
-$989 -$11,868