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$295,900

For Sale - Active
17467 E Rice Cir Unit C, Aurora, CO 80015
2 Beds
3 Baths
1,088 Square Feet
0.01 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Sep 09, 2025 at 10:23AM

Investment Summary


Monthly Cash Flow
-$617
Cap Rate
3.2%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.5%

Property Description


0.01 Acres Lot
Built in 1983
For Sale - Active
Units n/a

Move-In Ready 2-Bed, 3-Bath Condo with Reservoir Views – Under $300K! If you've been looking for a move-in ready home in a great location with an affordable price tag, this is it! Priced at just $295,900—below the new assessed value of $333,600—this spacious 2-bedroom, 3-bathroom condo offers comfort, updates, and an amazing view of Quincy Reservoir. Located in the quiet and well-kept Discovery at Quincy Lake community, this two-story home has a smart layout & natural light throughout. The open main level features new luxury vinyl plank flooring, a cozy gas fireplace you can control with a remote, and a stylish kitchen with granite countertops, stainless steel appliances, and a deep sink. There’s also a convenient half-bath on the main floor—perfect when guests visit. Upstairs, you’ll find two large bedrooms, each with their own private bathroom—great for roommates, guests, or working from home. Both bathrooms have updated flooring, newer vanities, and skylights that brighten the space with natural light. Step outside to your fenced-in backyard—a rare find in this price range! It features real grass, space to garden, and a stone patio overlooking the beautiful reservoir. It’s the perfect place to relax after a long day. You’ll also enjoy: New water heater, Newer windows, Skylights and vaulted ceilings, 1 reserved parking space & an additional open space, Pool access and HOA that covers exterior maintenance, trash, sewer, and water, Located in the top-rated Cherry Creek School District, Walking distance to groceries, shops, and restaurants, Near parks, light rail, and just 15 minutes to the Denver Tech Center. Bonus for Buyers! This home offers space, privacy, and views in a great Aurora location—all under $300K. It’s hard to beat that in today’s market. The seller's preferred lender is offering a free 1-0 rate buydown, helping you save money on your mortgage in the first year—ask for details!

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Location


Property Details


Parking

  • Description: Assigned
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Type: Gable or Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: AdvanceHOA
  • HOA Fee: $470/monthly

Land Information

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

Lot Information

  • Parcel ID: 207309215145
  • Lot Size: 436 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1983

Tax Information

  • Annual Tax: $1,523

Utilities

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

Location

  • County: Arapahoe

Listing Details


Listed by:
The Awaka Group
Real Broker, LLC DBA Real
(720) 740-1058

Source:
REColorado
MLS#: 8776507
REColorado

Investment Summary


Monthly Cash Flow
-$617
Cap Rate
3.2%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.5%

Purchase Details

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Purchase price:
$295,900
Amount financed:
-$236,720
Down payment:
$59,180
Closing costs:
$8,877
Rehab costs:
$0
Initial cash invested:
$68,057
Square feet:
1,088
Cost per square foot:
$272
Monthly rent per square foot:
$1.84

Financing Details

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Loan amount:
$236,720
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,400
Property tax:
$127
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,667

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$127-$1,523
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (24%)
24%-$470-$5,640
Total operating expenses: (55%)
55%-$1,097-$13,163

Cash Flow


Monthly Yearly
Net operating income:
$783 $9,396
Mortgage payments:
-$1,400 -$16,800
Cash flow:
-$617 -$7,404