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$894,000

For Sale - Active
2169 Dory Hill Rd, Black Hawk, CO 80422
4 Beds
3 Baths
2,965 Square Feet
2.17 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Sep 21, 2025 at 10:09AM

Investment Summary


Monthly Cash Flow
-$1,899
Cap Rate
3.1%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Property Description


2.17 Acres Lot
Built in 2001
For Sale - Active
Units n/a

***New Price PLUS $15k in Concessions Towards 2/1 Rate Buydown or Buyers Choosing*** Welcome to rest and relaxation with this very inviting and nicely updated Colorado mountain home featuring a 4 bedroom/ 3 FULL bath floor plan, tastefully updated kitchen with custom backsplash, island counter with wet sink, granite countertops, new kitchen appliances, updated light fixtures throughout with unique stairwell chandelier, new Infinity by Marvin high efficiency windows and doors throughout providing lots of natural sunlight and added insulation, finished walkout basement with added entertainment space, cozy loft area with barn door, (3) wood burning fireplaces to enjoy on those cozy evenings, finished garage with epoxy flooring, and new forced air furnace amongst many of the great features this home has to offer. Located on a 2+ acre lot this home also provides amazing mountains views off of the recently updated ¾ wrap around Trex deck/railings, plenty of outdoor entertainment space with firepit area, dedicated RV parking pad with 30-amp hookup, asphalt driveway extended to county road for ease of maintenance, added parking spaces, plenty of wildlife to enjoy year-round, and all the relaxation and warmth this home has to offer! Truly an outdoor enthusiast’s dream home with incredible mountain biking, hiking, fly-fishing, white-water rafting, rock climbing, SUP boarding, skiing, and 4x4ing all within close proximity to your new home. Dory Hill Road is also maintained by the county which has priority for maintenance and snow removal providing easy road access, a quick 30-minute drive to Golden and fairly quick access to I-70 for all your activities and commuting. Lastly, the property taxes and sales taxes in Gilpin County are one of the lowest in the state of Colorado as you’ll see with this property. This is about as move-in ready as it gets with a home that has been well maintained and will be easy to fall in love with, so come take a look and make this yours!

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Location


Property Details


Parking

  • Description: Oversized
  • Details: Asphalt, Concrete, Lighted, Storage, Attached
  • Garage Spaces: 2
  • Spaces Total: 8

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Partial, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Material: Spanish Tile

Land Information

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

Lot Information

  • Parcel ID: 171131407145
  • Lot Size: 94525 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 2001

Tax Information

  • Annual Tax: $994

Utilities

  • Water & Sewer: Private, Well
  • Heating: Forced Air, Natural Gas, Wood
  • Cooling: Ceiling Fan(s), None

Location

  • County: Gilpin

Listing Details


Listed by:
Mark Fuller
Keller Williams Realty Downtown LLC
(303) 332-8093

Source:
REColorado
MLS#: 5315052
REColorado

Investment Summary


Monthly Cash Flow
-$1,899
Cap Rate
3.1%
Cash-on-Cash Return
-11.1%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$894,000
Amount financed:
-$715,200
Down payment:
$178,800
Closing costs:
$26,820
Rehab costs:
$0
Initial cash invested:
$205,620
Square feet:
2,965
Cost per square foot:
$302
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$715,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,231
Property tax:
$83
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,559

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: (2%)
2%-$83-$994
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: (n/a)
n/an/an/a
Total operating expenses: (27%)
27%-$958-$11,494

Cash Flow


Monthly Yearly
Net operating income:
$2,332 $27,984
Mortgage payments:
-$4,231 -$50,772
Cash flow:
-$1,899 -$22,788