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$339,900

For Sale - Active
2621 S Federal Blvd, Denver, CO 80219
2 Beds
1 Bath
704 Square Feet
0.14 Acres Lot
Built in 1953
For Sale - Active
1 Units
Checked: 17 hours ago
Updated: May 31, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$320
Cap Rate
5.2%
Cash-on-Cash Return
-4.9%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.8%

Property Description


0.14 Acres Lot
Built in 1953
For Sale - Active
1 Units

Property was rented for the winter. Great investment opportunity!! This beautifully updated home offers unmatched value for its price and condition in Denver. It features a new roof, gutters, and select windows, making it move-in ready. Inside, the home boasts modernized lighting, plumbing, and electrical systems, along with a brand-new air conditioner and a recently replaced hot water tank. The kitchen and bathroom have been tastefully remodeled with durable cabinetry, bright countertops, brand-new appliances, and stylish new flooring throughout. Conveniently located near highway access, Harvey Park, and Loretta Heights University, this home offers the perfect combination of comfort and accessibility. Settle in and watch your investment grow!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 0529324036000
  • Lot Size: 6260 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1953

Tax Information

  • Annual Tax: $1,519

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Denver

Listing Details


Listed by:
Alex Emrick
MODUS Real Estate
(720) 934-8767

Source:
REColorado
MLS#: 4422348
REColorado

Investment Summary


Monthly Cash Flow
-$320
Cap Rate
5.2%
Cash-on-Cash Return
-4.9%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.8%

Purchase Details

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Purchase price:
$339,900
Amount financed:
-$271,920
Down payment:
$67,980
Closing costs:
$10,197
Rehab costs:
$0
Initial cash invested:
$78,177
Square feet:
704
Cost per square foot:
$483
Monthly rent per square foot:
$3.27

Financing Details

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Loan amount:
$271,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,780
Property tax:
$127
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,068

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$127-$1,519
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$702-$8,419

Cash Flow


Monthly Yearly
Net operating income:
$1,460 $17,520
Mortgage payments:
-$1,780 -$21,360
Cash flow:
$320 $3,840