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$925,000

For Sale - Active
7350 Fremont Pl, Larkspur, CO 80118
6 Beds
4 Baths
4,369 Square Feet
0.94 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Apr 24, 2025 at 05:03AM

Investment Summary


Monthly Cash Flow
-$2,279
Cap Rate
3.4%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.4%

Property Description


0.94 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Nestled in the peaceful forest of Larkspur, CO, this mountain contemporary cabin style home offers spacious living with six bedrooms and four bathrooms. Situated on a nearly one-acre lot surrounded by ponderosa pines, this 4,405 square foot home is a perfect retreat for mountain style living yet not too far from everything Colorado has to offer. In the kitchen you'll find granite countertops, a large island, a breakfast nook, and it opens up to the living room with a cozy fireplace. The large dining room provides ample space for holiday dinners and activities with family and friends. This spacious home features three bedrooms upstairs, one bedroom on the main level - perfect as a guest room or an office space, and two additional bedrooms in the basement. The large rooms provide ample space for all your furniture and decorations, making them a comfortable and inviting space. This captivating home also features a spacious primary bedroom with a walk-in closet and a sitting area - perfect for relaxing after a long day. The spa-like five-piece primary bathroom offers a luxurious retreat, while the balcony off the bedroom provides a tranquil outdoor space to enjoy your morning coffee or evening sunset. This charming home includes a finished basement featuring a family room with a fireplace, a game space with a wet bar and a built-in wine rack for storing your favorite bottles. Perfect for entertaining guests or enjoying a quiet evening in, this additional living space adds functionality and style to the property. The expansive back yard features a large deck perfect for outdoor dining, or summer BBQs. Enjoy the scenic beauty of the area while being just minutes away from the Bear Dance Golf Club, Colorado's home of the PGA. With a prime location at the back of a cul-de-sac, this home offers an inviting and peaceful life in a quaint small town.

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Circular Driveway, Concrete, Attached
  • Garage Spaces: 3
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

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

Interior Features

  • # of Rooms: 16
  • # of Stories: 2
  • Basement Description: Finished

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: R0068101
  • Lot Size: 40946 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Mountain Contemporary
  • Year Built: 1998

Tax Information

  • Annual Tax: $5,348

Utilities

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

Location

  • County: Douglas

Listing Details


Listed by:
Jon Clark
Keller Williams Action Realty LLC
(720) 939-8327

Source:
REColorado
MLS#:
REColorado

Investment Summary


Monthly Cash Flow
-$2,279
Cap Rate
3.4%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.4%

Purchase Details

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Purchase price:
$925,000
Amount financed:
-$740,000
Down payment:
$185,000
Closing costs:
$27,750
Rehab costs:
$0
Initial cash invested:
$212,750
Square feet:
4,369
Cost per square foot:
$212
Monthly rent per square foot:
$1.01

Financing Details

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Loan amount:
$740,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$4,869
Property tax:
$446
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,623

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$446-$5,348
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$1,546-$18,548

Cash Flow


Monthly Yearly
Net operating income:
$2,590 $31,080
Mortgage payments:
-$4,869 -$58,428
Cash flow:
$2,279 $27,348