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$224,000

For Sale - Active
3626 S Granby Way Apt L03, Aurora, CO 80014
1 Bed
1 Bath
709 Square Feet
0.01 Acres Lot
Built in 1977
For Sale - Active
1 Units
Checked: 18 hours ago
Updated: May 20, 2025 at 07:19AM

Investment Summary


Monthly Cash Flow
-$363
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.2%

Property Description


0.01 Acres Lot
Built in 1977
For Sale - Active
1 Units

You will NOT want to miss this main floor 1-bedroom, 1-bathroom condo in the heart of The Timbers neighborhood. The open layout features a spacious living room that opens out to the private patio. This home is not only in the well-desired Cherry Creek School District but also within walking distance to Cherry Creek Elementary School. The Cherry State Creek Park is 5 minutes from your front door and a couple of blocks to Cherry Creek Reservoir pedestrian entrance, the dog park and Meadow Hills Golf Course! Minutes away from I-225, I-25, Target, Costco and much more! This property is very close to the public light rail station and only minutes away from major highway “Interstate 225”. You can get to downtown Denver in 15 min and the Denver International Airport in 15 minutes as well. Call today to set up your private showing!

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Location


Property Details


Parking

  • Description: Off Street
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Type: Gable or Hip
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • Association: Colorado Comprehensive Management
  • HOA Fee: $330/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 207306121015
  • Lot Size: 436 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1977

Tax Information

  • Annual Tax: $919

Utilities

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

Location

  • County: Arapahoe

Listing Details


Listed by:
The Awaka Group
Keller Williams Trilogy
(720) 740-1058

Source:
REColorado
MLS#: 3281247
REColorado

Investment Summary


Monthly Cash Flow
-$363
Cap Rate
3.7%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$224,000
Amount financed:
-$179,200
Down payment:
$44,800
Closing costs:
$6,720
Rehab costs:
$0
Initial cash invested:
$51,520
Square feet:
709
Cost per square foot:
$316
Monthly rent per square foot:
$2.26

Financing Details

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Loan amount:
$179,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,060
Property tax:
$77
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,249

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$77-$919
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (21%)
21%-$330-$3,960
Total operating expenses: (50%)
50%-$807-$9,679

Cash Flow


Monthly Yearly
Net operating income:
$697 $8,364
Mortgage payments:
-$1,060 -$12,720
Cash flow:
$363 $4,356