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$775,000

For Sale - Active
1758 Parkdale Cir N, Erie, CO 80516
5 Beds
4 Baths
4,071 Square Feet
0.21 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jul 17, 2025 at 04:01AM

Investment Summary


Monthly Cash Flow
-$1,707
Cap Rate
3.0%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.1%

Property Description


0.21 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Welcome to effortless Colorado living in Vista Pointe! This beautifully maintained single-story home in the heart of Erie, CO, offers the perfect blend of comfort, space, and location. Featuring an open and inviting floor plan, this residence boasts 3 spacious bedrooms on the main level, including a luxurious primary suite with ensuite bathroom. The expansive living room boast a gas fireplace and opens to the chef’s kitchen, with its expansive island, double ovens, gas cooktop, and ample cabinetry—ideal for gatherings and everyday living. Along with a fully finished basement offering 2 additional bedrooms, a large living room area, and plenty of room for guests, hobbies, or entertaining. Step outside to a large deck and extended patio, perfect for enjoying Colorado’s beautiful weather. The backyard also features a storage shed and plenty of space to relax or garden in the raised garden beds. Located just minutes from local trails, dining, shopping, hiking, and biking, this home offers both convenience and an active lifestyle. Whether you're hosting family and friends or simply enjoying peaceful evenings at home, this Vista Pointe gem checks all the boxes.

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Interior Entry, Partial
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Vista Pointe
  • HOA Fee: $85/monthly

Land Information

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

Lot Information

  • Parcel ID: R1464002
  • Lot Size: 9200 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2004

Tax Information

  • Annual Tax: $4,431

Utilities

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

Location

  • County: Weld

Listing Details


Listed by:
Nicki Thompson
RE/MAX Alliance - Olde Town
(303) 456-2128

Source:
REColorado
MLS#: 7383303
REColorado

Investment Summary


Monthly Cash Flow
-$1,707
Cap Rate
3.0%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$775,000
Amount financed:
-$620,000
Down payment:
$155,000
Closing costs:
$23,250
Rehab costs:
$0
Initial cash invested:
$178,250
Square feet:
4,071
Cost per square foot:
$190
Monthly rent per square foot:
$0.86

Financing Details

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Loan amount:
$620,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,668
Property tax:
$369
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,282

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$369-$4,431
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (2%)
2%-$85-$1,020
Total operating expenses: (38%)
38%-$1,329-$15,951

Cash Flow


Monthly Yearly
Net operating income:
$1,961 $23,532
Mortgage payments:
-$3,668 -$44,016
Cash flow:
$1,707 $20,484