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$565,000

For Sale - Active
2023 S Upham Way, Lakewood, CO 80227
3 Beds
3 Baths
1,706 Square Feet
0.04 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Aug 06, 2025 at 01:30AM

Investment Summary


Monthly Cash Flow
-$1,390
Cap Rate
2.7%
Cash-on-Cash Return
-12.8%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.4%

Property Description


0.04 Acres Lot
Built in 2023
For Sale - Active
Units n/a

Enjoy a low-maintenance lifestyle in the heart of Lakewood in the new Green Gables community! This end-unit townhome offers privacy with views of green space to the north and gets great natural light. The thoughtfully designed open floor plan has high ceilings and a seamless flow between the living room + kitchen making the home great for hosting guests or quiet evenings at home. Complete with durable luxury vinyl flooring, a large kitchen island, granite countertops, and stainless steel appliances, the space is fully move-in ready with beautiful finishes. Upstairs, you'll find a huge primary suite featuring an oversized walk-in closet with custom closet systems and an ensuite bath with dual vanities and a walk-in shower. Two additional well-sized bedrooms, a dedicated laundry room, and plenty of storage closets round out the upper level. The big wraparound front patio offers a serene outdoor living space and a setting ideal for morning coffee or evening relaxation. Enjoy a beautifully landscaped community, walking trails, a private community pool, playground, and shared grassy areas—all maintained for you. Located just minutes from the Belmar shopping district, you’ll have quick access to shops, restaurants, and grocery stores. Outdoor enthusiasts will love being close to Ward Reservoir, Bear Creek Green Belt, and Lakewood Heritage Center. Easy access to 6th Ave makes commuting to Denver or the foothills a breeze. This place is the perfect opportunity to get a move-in ready home, low-maintenance living, and instant access to amenities to build an ideal Colorado lifestyle!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 9
  • # of Stories: 2

Exterior Features

  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Keystone Pacific
  • HOA Fee: $171/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 4926113065
  • Lot Size: 1873 sqft

Property Information

  • Property Type: Townhouse
  • Style: Contemporary, Urban Contemporary
  • Year Built: 2023

Tax Information

  • Annual Tax: $5,720

Utilities

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Jefferson

Listing Details


Listed by:
Kate Kazell
West and Main Homes Inc
(720) 613-8478

Source:
REColorado
MLS#: 3779360
REColorado

Investment Summary


Monthly Cash Flow
-$1,390
Cap Rate
2.7%
Cash-on-Cash Return
-12.8%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.4%

Purchase Details

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Purchase price:
$565,000
Amount financed:
-$452,000
Down payment:
$113,000
Closing costs:
$16,950
Rehab costs:
$0
Initial cash invested:
$129,950
Square feet:
1,706
Cost per square foot:
$331
Monthly rent per square foot:
$1.64

Financing Details

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Loan amount:
$452,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,674
Property tax:
$477
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,347

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$477-$5,720
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (6%)
6%-$171-$2,052
Total operating expenses: (48%)
48%-$1,348-$16,172

Cash Flow


Monthly Yearly
Net operating income:
$1,284 $15,408
Mortgage payments:
-$2,674 -$32,088
Cash flow:
$1,390 $16,680