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$675,000

For Sale - Active
7844 S Elk St, Aurora, CO 80016
4 Beds
3 Baths
2,916 Square Feet
0.13 Acres Lot
Built in 2015
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Aug 12, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$1,134
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Property Description


0.13 Acres Lot
Built in 2015
For Sale - Active
Units n/a

This stunning home features a highly sought-after floor plan in a fantastic neighborhood, perfectly located close to everything you need. Enjoy breathtaking sunsets over the Front Range from your living room and covered front porch. Step inside to a bright and airy main level featuring a spacious family room seamlessly flowing into the kitchen and dining area. The charming kitchen is perfect for everyday living, with a large island with bar seating, beautiful granite countertops, stainless steel appliances, and a walk-in pantry. An office tucked behind the family room and a convenient powder room round out the main floor. Upstairs, a huge loft awaits—perfect for a 5th bedroom, playroom, or home theater. The expansive master suite boasts a large walk-in closet and a second closet for extra storage. Three additional bedrooms, a full bathroom, and a dedicated laundry room complete the upper level. The 700+ SF unfinished basement is ready for customization with insulation, three large egress windows, and a spacious crawl space for additional storage. Additional upgrades include hardwood floors, a radon mitigation system, and a sump pump. The private backyard offers a stamped concrete patio ideal for outdoor dining, along with a large grass area for play and relaxation. The driveway's southern and western exposure helps with snowmelt in the winter. Families will love the short walk to the community playground. Located in the highly coveted Cherry Creek School District, this home offers tremendous potential for future value, especially with nearby homes exceeding $1 million. With easy access to Southlands, world-class golf, the DTC, DIA, and downtown Denver, plus proximity to Colorado’s best ski resorts, this home provides an exceptional lifestyle in one of the metro area’s most desirable locations.

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Location


Property Details


Parking

  • Description: Covered, Garage
  • 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): 3.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Type: Gable or Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Ponderosa Residential HOA
  • HOA Fee: $70/monthly

Land Information

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

Lot Information

  • Parcel ID: 207131112004
  • Lot Size: 5565 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2015

Tax Information

  • Annual Tax: $3,420

Utilities

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

Location

  • County: Arapahoe

Listing Details


Listed by:
Euna Klein
Your Castle Realty LLC
(720) 217-6904

Source:
REColorado
MLS#: 4619683
REColorado

Investment Summary


Monthly Cash Flow
-$1,134
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Purchase Details

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Purchase price:
$675,000
Amount financed:
-$540,000
Down payment:
$135,000
Closing costs:
$20,250
Rehab costs:
$0
Initial cash invested:
$155,250
Square feet:
2,916
Cost per square foot:
$231
Monthly rent per square foot:
$1.20

Financing Details

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Loan amount:
$540,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,194
Property tax:
$285
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,724

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$285-$3,420
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (2%)
2%-$70-$840
Total operating expenses: (35%)
35%-$1,230-$14,760

Cash Flow


Monthly Yearly
Net operating income:
$2,060 $24,720
Mortgage payments:
-$3,194 -$38,328
Cash flow:
-$1,134 -$13,608