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$380,000

For Sale - Active
457 Black Feather Loop Apt 702, Castle Rock, CO 80104
2 Beds
2 Baths
1,063 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 43 minutes ago
Updated: Jun 15, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$1,164
Cap Rate
2.6%
Cash-on-Cash Return
-16.0%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-11.5%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Welcome to this beautifully maintained ground-level condo offering 2 spacious bedrooms and 2 full bathrooms in a desirable, well-kept community. Featuring an open-concept layout, this home is perfect for both relaxing and entertaining. The kitchen boasts sleek granite countertops and seamlessly flows into the dining and living areas, where a stunning granite fireplace serves as a stylish focal point. Enjoy the convenience of an oversized garage—perfect for extra storage or a workspace—as well as an additional reserved parking space. Don't miss this rare opportunity—schedule your tour today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Oversized
  • Garage Spaces: 1
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Blackfeather LCM
  • HOA Fee: $463/monthly

Land Information

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

Lot Information

  • Parcel ID: R0454779
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary
  • Year Built: 2004

Tax Information

  • Annual Tax: $1,063

Utilities

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

Location

  • County: Douglas

Listing Details


Listed by:
Nancy Barron
Century 21 Prosperity
(720) 569-5091

Source:
REColorado
MLS#: 2962548
REColorado

Investment Summary


Monthly Cash Flow
-$1,164
Cap Rate
2.6%
Cash-on-Cash Return
-16.0%
Debt Coverage Ratio
0.42
Internal Rate of Return (5 years)
-11.5%

Purchase Details

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Purchase price:
$380,000
Amount financed:
-$304,000
Down payment:
$76,000
Closing costs:
$11,400
Rehab costs:
$0
Initial cash invested:
$87,400
Square feet:
1,063
Cost per square foot:
$357
Monthly rent per square foot:
$1.88

Financing Details

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Loan amount:
$304,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.850%
Principal & interest:
$1,992
Property tax:
$89
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,221

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$89-$1,063
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (23%)
23%-$463-$5,556
Total operating expenses: (53%)
53%-$1,052-$12,619

Cash Flow


Monthly Yearly
Net operating income:
$828 $9,936
Mortgage payments:
-$1,992 -$23,904
Cash flow:
$1,164 $13,968