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$405,000

For Sale - Active
2120 Timber Creek Dr Apt H4, Fort Collins, CO 80528
2 Beds
3 Baths
1,184 Square Feet
0.02 Acres Lot
Built in 2001
For Sale - Active
1 Units
Checked: 3 hours ago
Updated: Sep 30, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$819
Cap Rate
3.3%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.2%

Property Description


0.02 Acres Lot
Built in 2001
For Sale - Active
1 Units

Welcome to this charming 2-bedroom, 2.5-bathroom townhome nestled in the desirable Timber Creek community of southeast Fort Collins. This townhome offers a blend of comfort and functionality. The spacious living room features a cozy gas fireplace, creating a warm and inviting atmosphere. Adjacent to the living area is a dining room, perfect for entertaining guests. The kitchen boasts stainless steel appliances, including a refrigerator, microwave, electric range/oven, and dishwasher, complemented by a convenient bar counter for casual dining. A half bath on the main floor adds to the home's practicality. Upstairs, the primary bedroom is a retreat with vaulted ceilings, abundant natural light, and a large walk-in closet. The second bedroom also offers ample space and closet storage. Both bedrooms overlook a serene green space, providing a peaceful setting. The full bathroom upstairs features modern finishes and a tub/shower combination. An additional bedroom/office has been started in the basement with a rough-in for a bathroom presents opportunities for additional living space or storage. Outside, a private patio area offers a tranquil spot to relax. The detached one-car garage provides secure parking and extra storage. The home is conveniently located near amenities such as the new Banner Health facility, Harmony Commons, parks, and offers easy access to I-25. This townhome is a perfect blend of comfort, convenience, and community living.

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Bath/Stubbed, Unfinished
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Elliot Joshua Roffman
  • HOA Fee: $245/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 8605233004
  • Lot Size: 771 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2001

Tax Information

  • Annual Tax: $2,100

Utilities

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

Location

  • County: Larimer

Listing Details


Listed by:
Elliot Roffman
eXp Realty - Hub
(970) 799-9645

Source:
REColorado
MLS#: IR1038088
REColorado

Investment Summary


Monthly Cash Flow
-$819
Cap Rate
3.3%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$405,000
Amount financed:
-$324,000
Down payment:
$81,000
Closing costs:
$12,150
Rehab costs:
$0
Initial cash invested:
$93,150
Square feet:
1,184
Cost per square foot:
$342
Monthly rent per square foot:
$1.86

Financing Details

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Loan amount:
$324,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,917
Property tax:
$175
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,246

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$175-$2,100
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (11%)
11%-$245-$2,940
Total operating expenses: (44%)
44%-$970-$11,640

Cash Flow


Monthly Yearly
Net operating income:
$1,098 $13,176
Mortgage payments:
-$1,917 -$23,004
Cash flow:
-$819 -$9,828