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$899,000

For Sale - Active
4185 Red Rock Dr, Larkspur, CO 80118
6 Beds
4 Baths
3,714 Square Feet
0.93 Acres Lot
Built in 1995
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 15, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$1,643
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


0.93 Acres Lot
Built in 1995
For Sale - Active
Units n/a

HUGE PRICE IMPROVEMENT! Escape the ordinary and discover your Colorado sanctuary at 4185 Red Rock Drive in the heart of Larkspur’s coveted Perry Park neighborhood. This beautifully updated raised ranch is more than just a home—it's a lifestyle retreat nestled among nearly an acre of towering pines, peaceful wildlife, and natural beauty. With 6 bedrooms, 4 bathrooms, and over 3,700 finished square feet, this spacious property is ideal for multigenerational living or anyone who craves serenity. The walk-out basement includes a fully equipped in-law suite with its own kitchen and separate entrance—perfect for guests, extended family, or even rental potential. Inside, the home impresses with refinished white oak floors, new carpet, vaulted ceilings, and an abundance of natural light. Enjoy energy-efficient comfort with radiant heating and heated basement floors. The kitchen is a chef’s dream with granite and butcher block countertops, custom cabinetry, and modern appliances. A massive bonus room provides endless possibilities for entertaining, hobbies, or work-from-home needs. Step outside and unwind in your fenced yard with a nearly new Tuff Shed, chicken coop or dog run, and room to roam. Watch deer and wild turkeys from your front porch or soak in the breeze under the pines. With no HOA dues, low taxes, and top-rated Douglas County schools, this home is just 25 minutes from Castle Rock and a short drive to both Denver and Colorado Springs. Don’t just imagine it—come see it. Schedule a private showing and let this home speak for itself. Whether you're looking for space, style, or a touch of mountain magic, 4185 Red Rock Drive offers it all.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 17
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Exterior Entry, Finished, Full, Walk-Out Access

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: R0016379
  • Lot Size: 40544 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1995

Tax Information

  • Annual Tax: $5,100

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard
  • Cooling: Ceiling Fan(s)

Location

  • County: Douglas

Listing Details


Listed by:
Michael Nirk
NextHome Aspire
(303) 877-2082

Source:
REColorado
MLS#: 9329898
REColorado

Investment Summary


Monthly Cash Flow
-$1,643
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

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Purchase price:
$899,000
Amount financed:
-$719,200
Down payment:
$179,800
Closing costs:
$26,970
Rehab costs:
$0
Initial cash invested:
$206,770
Square feet:
3,714
Cost per square foot:
$242
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$719,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,254
Property tax:
$425
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,987

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$425-$5,100
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$1,525-$18,300

Cash Flow


Monthly Yearly
Net operating income:
$2,611 $31,332
Mortgage payments:
-$4,254 -$51,048
Cash flow:
$1,643 $19,716