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$650,000

For Sale - Active
3580 W 62nd Ave, Denver, CO 80221
3 Beds
3 Baths
2,000 Square Feet
0.07 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 23, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$1,147
Cap Rate
3.6%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.9%

Property Description


0.07 Acres Lot
Built in 2021
For Sale - Active
Units n/a

***SELLER IS OFFERING A RATE BUY-DOWN! EITHER A FIXED RATE 6.25% OR 2/1 BUY-DOWN - 4.625% FOR YEAR 1 AND 5.625% FOR YEAR 2! Experience the perfect blend of modern comfort and vibrant lifestyle at this stunning Berkley Shores home. Best lot in the community as it is an end unit and is situated on a corner lot, the covered front porch offers serene pond views, creating a peaceful retreat right at your doorstep. Inside, an open floor plan shines with abundant natural light, LVP wood floors, and a welcoming great room featuring a cozy gas fireplace. The expansive kitchen is an entertainer's dream, boasting a large island, new gas range, and dining area that flows seamlessly into the living space. Upstairs, the primary suite offers a private oasis with dual vanities and an oversized walk-in shower. There is also a massive walk-in closet from the Primary suite. Two additional bedrooms share a convenient Jack-and-Jill bathroom, while the upstairs laundry room adds modern-day ease to your lifestyle. Tile floors in the bathrooms complement the thoughtful design throughout the home. Outside access is through the laundry room to the only fenced-in backyard in the community! The two-car attached garage and easy access to walking and biking trails enhance everyday convenience. This location offers quick connections to I-70, G or B Line light rail stations, and popular destinations like Tennyson Street, Olde Town Arvada, and the Highlands. With Clear Creek Valley Park and recreational facilities nearby, this home combines the best of city and outdoor living. Don't miss your chance to live where comfort meets lifestyle! WELCOME HOME!

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement Description: Crawl Space, None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: R0202529
  • Lot Size: 2905 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2021

Tax Information

  • Annual Tax: $9,141

Utilities

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

Location

  • County: Adams

Listing Details


Listed by:
Glenn Ribble
Keller Williams Realty NoCo
(303) 424-7575

Source:
REColorado
MLS#: IR1039669
REColorado

Investment Summary


Monthly Cash Flow
-$1,147
Cap Rate
3.6%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-4.9%

Purchase Details

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Purchase price:
$650,000
Amount financed:
-$520,000
Down payment:
$130,000
Closing costs:
$19,500
Rehab costs:
$0
Initial cash invested:
$149,500
Square feet:
2,000
Cost per square foot:
$325
Monthly rent per square foot:
$1.95

Financing Details

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Loan amount:
$520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,076
Property tax:
$762
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,111

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$762-$9,141
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$1,737-$20,841

Cash Flow


Monthly Yearly
Net operating income:
$1,929 $23,148
Mortgage payments:
-$3,076 -$36,912
Cash flow:
$1,147 $13,764