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$799,000

Sold
2420 Baystone Ct, Colorado Springs, CO 80921
5 Beds
4 Baths
4,124 Square Feet
0.20 Acres Lot
Built in 2010
Sold
Units n/a
Checked: 12 hours ago
Updated: Jul 17, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$1,795
Cap Rate
3.0%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.3%

Property Description


0.20 Acres Lot
Built in 2010
Sold
Units n/a

Welcome to this stunning gem in the prestigious Flying Horse community! Nestled on a private cul-de-sac, this home combines elegance, luxury, and functionality. From the moment you step through the front entry, you’ll be greeted by the warmth of hardwood floors and the grandeur of a two-story ceiling. To the right, the formal dining room with its trey ceiling and luxe butler’s pantry flows effortlessly into a gourmet kitchen, complete with granite countertops, large island, stainless steel appliances, and additional walk-in pantry for all your culinary needs. Adjoining breakfast nook, bathed in natural light from large windows, leads to an expansive patio and beautifully landscaped backyard—a perfect space for entertaining. The great room’s soaring ceilings and striking stacked-stone gas fireplace create an inviting atmosphere, while a dedicated office or flex room on main floor adds practicality. Upstairs, layout is brilliantly designed for both privacy and convenience. Principal suite offers a serene retreat, complete with lavish 5-piece en suite and two generous walk-in closets. On the opposite side, three additional spacious bedrooms and a loft area provide plenty of room for work or relaxation. A full bathroom with double sinks ensures everyone has their own space. Finished basement is a true highlight, featuring a family room with corner gas fireplace, expansive wet bar for hosting, and temperature-controlled wine room that will delight any enthusiast. The 5th bedroom, complete with its own ¾ bathroom and walk-in closet, offers the perfect guest suite. Located just minutes from community walking trails, parks, and the popular Josh & John’s ice cream parlor, this home offers both serenity and convenience. Plus, Flying Horse amenities include an exceptional golf course, clubhouse, pool, pickleball, tennis, fitness center, and award-winning dining. Don’t miss the chance to make this extraordinary property your forever home. Schedule your tour today!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Concrete, 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: 16
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Flying Horse
  • HOA Fee: $200/quarterly

Land Information

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

Lot Information

  • Parcel ID: 6204407013
  • Lot Size: 8668 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2010

Tax Information

  • Annual Tax: $5,167

Utilities

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

Location

  • County: El Paso

Listing Details


Listed by:
Lisa Fisk
eXp Realty, LLC
(719) 359-1244

Source:
REColorado
MLS#: 4486869
REColorado

Investment Summary


Monthly Cash Flow
-$1,795
Cap Rate
3.0%
Cash-on-Cash Return
-11.7%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.3%

Purchase Details

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Purchase price:
$799,000
Amount financed:
-$639,200
Down payment:
$159,800
Closing costs:
$23,970
Rehab costs:
$0
Initial cash invested:
$183,770
Square feet:
4,124
Cost per square foot:
$194
Monthly rent per square foot:
$0.87

Financing Details

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Loan amount:
$639,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,781
Property tax:
$431
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,464

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$431-$5,167
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (2%)
2%-$67-$804
Total operating expenses: (39%)
39%-$1,398-$16,771

Cash Flow


Monthly Yearly
Net operating income:
$1,986 $23,832
Mortgage payments:
-$3,781 -$45,372
Cash flow:
$1,795 $21,540