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$579,000

For Sale - Active
597 Red Jewel Dr, Windsor, CO 80550
4 Beds
4 Baths
2,520 Square Feet
0.12 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 23, 2025 at 03:56AM

Investment Summary


Monthly Cash Flow
-$1,190
Cap Rate
3.2%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.4%

Property Description


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

Assumable FHA loan 5.6% - This 4 bedroom, 4 bath paired home in Greenspire at Windor Lake is a true showstopper! It lives like a single family home with only one shared wall, which is located in the garage. The gourmet chef's kitchen is well-appointed with stainless steel appliances, elegant quartz countertops, a gas range and a stylish custom range hood. From the main living area, you can easily access the covered back patio, perfect for relaxing or entertaining outdoors. The primary bedroom suite is a true retreat, featuring vaulted ceilings, a 5-piece bath with custom-tiled walk-in shower, a separate soaker bathtub for unwinding, and the convenience of separate vanities. The fully finished daylight basement adds significant living space with an additional bedroom, full bathroom and a spacious recreation room. The property comes complete with full yard landscaping and fencing already in place. Fantastic location - walk to Windsor Lake, downtown, shopping, breweries, neighborhood events, parks, walking and biking trails!

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $60/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: R3712105
  • Lot Size: 5282 sqft

Property Information

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

Tax Information

  • Annual Tax: $4,528

Utilities

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

Location

  • County: Weld

Listing Details


Listed by:
Kristin Snow
Group Centerra
(720) 272-0951

Source:
REColorado
MLS#: IR1034032
REColorado

Investment Summary


Monthly Cash Flow
-$1,190
Cap Rate
3.2%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.4%

Purchase Details

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Purchase price:
$579,000
Amount financed:
-$463,200
Down payment:
$115,800
Closing costs:
$17,370
Rehab costs:
$0
Initial cash invested:
$133,170
Square feet:
2,520
Cost per square foot:
$230
Monthly rent per square foot:
$1.11

Financing Details

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Loan amount:
$463,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,740
Property tax:
$377
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,313

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$377-$4,528
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (0%)
0%-$5-$60
Total operating expenses: (39%)
39%-$1,082-$12,988

Cash Flow


Monthly Yearly
Net operating income:
$1,550 $18,600
Mortgage payments:
-$2,740 -$32,880
Cash flow:
$1,190 $14,280