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$499,500

For Sale - Active
658 Casper Dr, Lafayette, CO 80026
3 Beds
3 Baths
1,170 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Jun 20, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$1,595
Cap Rate
2.5%
Cash-on-Cash Return
-16.7%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-12.1%

Property Description


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

Light & Bright End Unit! Don't miss 658 Casper Dr, a charming townhome nestled in Lafayette's desirable Coal Creek Village. This quiet end unit offers 3BRs and 2.5BA with hardwood floors throughout. This home features an open layout with deck off the living room overlooking large park. You will also find excellent views of the front range! Primary suite includes walk-in closet and large shower. This property also features a laundry room, high efficiency furnace and tankless water heater as well as 2-car garage. Easy access to walking trails and located near the new water park as well as to Boulder and Denver. Short distance to downtown Lafayette. Seller willing to consider rate buy down and/or seller concessions.

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Location


Property Details


Parking

  • Description: Alley Access
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 3
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Marble
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: HOA 1
  • HOA Fee: $375/monthly
  • Additional Association: HOA 2
  • Additional HOA Fee: $100/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 157511225007
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2004

Tax Information

  • Annual Tax: $2,743

Utilities

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

Location

  • County: Boulder

Listing Details


Listed by:
Boulder Home Source
RE/MAX Alliance
(303) 543-5720

Source:
REColorado
MLS#: 8347555
REColorado

Investment Summary


Monthly Cash Flow
-$1,595
Cap Rate
2.5%
Cash-on-Cash Return
-16.7%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-12.1%

Purchase Details

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Purchase price:
$499,500
Amount financed:
-$399,600
Down payment:
$99,900
Closing costs:
$14,985
Rehab costs:
$0
Initial cash invested:
$114,885
Square feet:
1,170
Cost per square foot:
$427
Monthly rent per square foot:
$2.14

Financing Details

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Loan amount:
$399,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,616
Property tax:
$229
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,020

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$229-$2,743
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (19%)
19%-$475-$5,700
Total operating expenses: (53%)
53%-$1,329-$15,943

Cash Flow


Monthly Yearly
Net operating income:
$1,021 $12,252
Mortgage payments:
-$2,616 -$31,392
Cash flow:
$1,595 $19,140