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$849,000

For Sale - Active
4285 Mohawk Dr, Larkspur, CO 80118
4 Beds
4 Baths
2,212 Square Feet
0.91 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: May 22, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$1,381
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


0.91 Acres Lot
Built in 2017
For Sale - Active
Units n/a

WOW!!! This Larkspur retreat tucked away in the NE part of Perry Park awaits new owners! This elegant 2-story home backs up to natural bluffs and boasts a fully-fenced rear yard. As you step into the welcoming foyer, you are struck by the sheer beauty of this refreshed home! Soft gray and white theme throughout with a perfect mix of carpet and LVP flooring. The well-appointed kitchen, complete with granite countertops and stainless-steel appliances opens up to the main-level family room, complete with a gas fireplace for those chilly Colorado evenings. You have the choice of a formal dining room along with an eat-in space at the rear of the kitchen. This leads you out to the extended rear patio, perfect for entertaining and outdoor cooking. You will love all the surrounding wildlife that come through this area! Back inside, you will relish the spacious main-level primary bedroom, complete with an ensuite 5-piece bathroom. Upstairs, you will find the remaining bedrooms with another full bathroom. Want room to expand? The basement is completely unfinished and awaits your personal touches for completing another large living space. This fabulous home has it all - what are you waiting for???

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Bath/Stubbed, Full, Interior Entry
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: R0489500
  • Lot Size: 39640 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2017

Tax Information

  • Annual Tax: $1,479

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Location

  • County: Douglas

Listing Details


Listed by:
Thomas Lazzaro
PERFORMANCE PLUS REALTY
(719) 641-3544

Source:
REColorado
MLS#: 2044326
REColorado

Investment Summary


Monthly Cash Flow
-$1,381
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:
$849,000
Amount financed:
-$679,200
Down payment:
$169,800
Closing costs:
$25,470
Rehab costs:
$0
Initial cash invested:
$195,270
Square feet:
2,212
Cost per square foot:
$384
Monthly rent per square foot:
$1.81

Financing Details

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Loan amount:
$679,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,018
Property tax:
$123
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,421

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$123-$1,479
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (28%)
28%-$1,123-$13,479

Cash Flow


Monthly Yearly
Net operating income:
$2,637 $31,644
Mortgage payments:
-$4,018 -$48,216
Cash flow:
$1,381 $16,572