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$1,499,500

For Sale - Active
5489 Country Club Dr, Larkspur, CO 80118
6 Beds
6 Baths
5,204 Square Feet
1.02 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 21, 2025 at 03:24AM

Investment Summary


Monthly Cash Flow
-$2,883
Cap Rate
3.4%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.7%

Property Description


1.02 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Competitive - New Price Reduction. This home is better than new, and no HOA in the scenic Perry Park subdivision. Over 100k invested in this property since built and purchased in 2022, such as a finished basement, asphalt driveway, curb cutout, retaining wall, shed with a concrete pad, dog run, split rail fencing, landscaping with irrigation system, Jellyfish lighting, basketball court, and more. Schedule your private showing today and view this stunning custom-built home on 1.02 acres. This exquisite six-bedroom, six-bathroom residence offers breathtaking views in all directions and a rare opportunity for luxury living. The home seamlessly blends modern design with timeless elegance. You'll find fine finishes, soft-close cabinetry, and a formal dining area-perfect for hosting memorable gatherings. Enjoy indoor and outdoor gas fireplaces for year-round comfort or step onto the expansive covered patio and huge deck to take in the expansive views. The oversized three-car garage is designed for convenience, featuring built-in shelving, generous counter space, and a utility sink. The property is also situated near a picturesque golf course, enhancing the serene and scenic atmosphere. Descend to the massive finished walkout basement, where soaring 10+ foot ceilings create a spacious and versatile retreat-ideal for recreation, relaxation, or additional living quarters. This exceptional home in Perry Park is designed for those who appreciate elegance, comfort, and functionality. With numerous custom details and high-end finishes too extensive to list, a personal tour is highly recommended to truly appreciate all that this home has to offer. Don't miss your chance to experience the epitome of Colorado living! Buyer(s) are responsible for verifying square footage, schools, utility providers, covenants, and all other aspects of interest and importance.

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Oversized, Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable
  • Roof Material: Shake

Land Information

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

Lot Information

  • Parcel ID: R0013995
  • Lot Size: 44431 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2022

Tax Information

  • Annual Tax: $9,885

Utilities

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

Location

  • County: Douglas

Listing Details


Listed by:
Catherine Montgomery
Power of 3 Real Estate
(970) 581-5718

Source:
REColorado
MLS#: IR1027971
REColorado

Investment Summary


Monthly Cash Flow
-$2,883
Cap Rate
3.4%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-5.7%

Purchase Details

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Purchase price:
$1,499,500
Amount financed:
-$1,199,600
Down payment:
$299,900
Closing costs:
$44,985
Rehab costs:
$0
Initial cash invested:
$344,885
Square feet:
5,204
Cost per square foot:
$288
Monthly rent per square foot:
$1.40

Financing Details

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Loan amount:
$1,199,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$7,096
Property tax:
$824
Insurance:
$511
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,431

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,300 $87,600
Vacancy loss: (6%)
6% -$438 -$5,256
Operating income:
$6,862 $82,344

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$824-$9,885
Insurance: (7%)
7%-$511-$6,132
Property management: (8%)
8%-$584-$7,008
Repairs & maintenance: (5%)
5%-$365-$4,380
Capital expenditures: (5%)
5%-$365-$4,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$2,649-$31,785

Cash Flow


Monthly Yearly
Net operating income:
$4,213 $50,556
Mortgage payments:
-$7,096 -$85,152
Cash flow:
$2,883 $34,596