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$1,195,000

For Sale - Active
7322 County Road 104, Wellington, CO 80549
6 Beds
4 Baths
3,898 Square Feet
20.51 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Jul 03, 2025 at 03:27AM

Investment Summary


Monthly Cash Flow
-$2,432
Cap Rate
3.2%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.3%

Property Description


20.51 Acres Lot
Built in 2016
For Sale - Active
Units n/a

Colorado country living in a gorgeous 6 bedroom, 4 bathroom Barndominium with fenced- in acreage! This impressive two-story home features an open and well-planned layout with elegant interiors, high ceilings, and beautiful Black Hills reclaimed wood throughout. The spacious gourmet kitchen boasts high-end appliances, an oversized island with seating, counter prep space, and custom cabinetry for storage. You will love the main floor with its 25-foot vaulted ceilings, wood burning stove, large windows and glass sliding doors allowing an abundance of natural light. The main floor primary bedroom offers plenty of space to relax and unwind, an includes a large walk-in closet, sitting room, an en-suite luxury bathroom with dual sinks, soaking tub, and a separate shower with dual rainfall shower-heads. Built in 2016, this solid built home utilizes ICF insulated walls and will easily withstand the Colorado extreme wind and weather. Energy efficient appliances, LED lighting, on- demand water heater, 700 - foot deep well, plus a 5- ton ac unit. Attached 3 -car garage/workshop and driveway parking provide ample space for all of your vehicles and toys. Outside you will find a Full RV Hookup that is adjacent to the house, complete with sewer, water, and electric, 8 acres of land fenced and gated, easy access driveway using recycled crushed concrete, a huge 10,000 square foot concrete pad with floor drainage, complete with a brand new storage building and ready for your future workshop, greenhouse , raised garden beds or barn to be added when you are ready! Resting on just over 20 acres of picturesque views you will enjoy the huge covered front porch, sprawling back patio to take in both breathtaking sunrises and peaceful sunsets each and every day!

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Location


Property Details


Parking

  • Description: Heated Garage, Oversized
  • Details: RV Access/Parking, Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

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

Interior Features

  • # of Rooms: 15
  • # of Stories: 2
  • Basement Description: None

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: R8941016
  • Lot Size: 893416 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2016

Tax Information

  • Annual Tax: $3,547

Utilities

  • Water & Sewer: Private, Well
  • Heating: Forced Air, Propane, Wood Stove
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Weld

Listing Details


Listed by:
Heidi Wattier
Heidi's Homes, Inc.
(303) 518-4917

Source:
REColorado
MLS#: IR1033543
REColorado

Investment Summary


Monthly Cash Flow
-$2,432
Cap Rate
3.2%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$1,195,000
Amount financed:
-$956,000
Down payment:
$239,000
Closing costs:
$35,850
Rehab costs:
$0
Initial cash invested:
$274,850
Square feet:
3,898
Cost per square foot:
$307
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$956,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$5,655
Property tax:
$296
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,308

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$296-$3,547
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$1,571-$18,847

Cash Flow


Monthly Yearly
Net operating income:
$3,223 $38,676
Mortgage payments:
-$5,655 -$67,860
Cash flow:
$2,432 $29,184