Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$775,000

Under Contract
306 E Cannon St, Lafayette, CO 80026
4 Beds
2 Baths
2,554 Square Feet
0.16 Acres Lot
Built in 1900
Under Contract
Units n/a
Checked: 16 hours ago
Updated: Jun 23, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$1,417
Cap Rate
3.5%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.2%

Property Description


0.16 Acres Lot
Built in 1900
Under Contract
Units n/a

Step into the heart of Old Town Lafayette’s history with this beautifully preserved 4-bedroom, 2-bathroom home, officially designated as a historic landmark by the City of Lafayette for its architectural character and notable past residents. This designation provides access to Colorado state preservation tax credits and potential grant opportunities for future improvements. From the moment you arrive, the inviting front porch—with original posts and intricate woodwork—sets the tone for the timeless craftsmanship found throughout. Inside, rich millwork, stained glass, high ceilings, and detailed trim reflect the home’s historic integrity. The spacious living and dining areas are accented by built-in bookshelves, vintage wallpaper, and distinctive architectural touches. The kitchen has been tastefully updated with cherry-toned cabinetry and stainless steel appliances, blending seamlessly with the home's original style. A thoughtfully designed two-story addition includes a bright and versatile second living area that opens to a heated greenhouse and flagstone patio—perfect for indoor/outdoor enjoyment. Four generous bedrooms and two tiled full baths span both levels, with the primary suite offering ample space. Storage is abundant with built-in cabinetry, closets, and a basement bonus area ideal for an office or creative space. Recent updates include a newer sewer line and a durable Class 4 impact-resistant shingle roof. The fenced backyard is a private oasis featuring mature trees, raised garden beds, and space for future garage or ADU construction off the alley. Nestled on a quiet street in one of Lafayette’s most walkable neighborhoods, you're just steps from coffee shops, brewpubs, galleries, local dining, and community favorites like the historic theatre. A rare opportunity to own a piece of Lafayette’s legacy with modern livability.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Partial

Exterior Features

  • Exterior Walls Materials: Marble
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 157502233003
  • Lot Size: 7137 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cottage
  • Year Built: 1900

Tax Information

  • Annual Tax: $2,793

Utilities

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

Location

  • County: Boulder

Listing Details


Listed by:
Kelly Ettore
Ed Prather Real Estate
(614) 580-5431

Source:
REColorado
MLS#: 7023257
REColorado

Investment Summary


Monthly Cash Flow
-$1,417
Cap Rate
3.5%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-5.2%

Purchase Details

Find an Agent

Purchase price:
$775,000
Amount financed:
-$620,000
Down payment:
$155,000
Closing costs:
$23,250
Rehab costs:
$0
Initial cash invested:
$178,250
Square feet:
2,554
Cost per square foot:
$303
Monthly rent per square foot:
$1.41

Financing Details

Find a Lender

Loan amount:
$620,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,668
Property tax:
$233
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,153

Operating Income

Find a Property Manager

% 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: (6%)
6%-$233-$2,793
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: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$1,133-$13,593

Cash Flow


Monthly Yearly
Net operating income:
$2,251 $27,012
Mortgage payments:
-$3,668 -$44,016
Cash flow:
$1,417 $17,004