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$164,995

For Sale - Active
8060 E Girard Ave Apt 208, Denver, CO 80231
1 Bed
1 Bath
808 Square Feet
0.00 Acres Lot
Built in 1974
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Apr 20, 2025 at 04:41AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$305
Cap Rate
7.9%
Cash-on-Cash Return
9.6%
Debt Coverage Ratio
1.39
Internal Rate of Return (5 years)
13.4%

Property Description


0.00 Acres Lot
Built in 1974
For Sale - Active
1 Units

MAKE AN OFFER! No Stairs!~North views from the huge covered balcony! Elevator in a secured building. Laundry in the building. Very clean and quiet. Salon, indoor pool, jacuzzi, mailboxes, and lobby area on first floor. Friendly neighbors and central to everything! Across from Tamarac Square and lots of shops and restaurants! Close to I-25 and RTD Light Rail Park-n-Ride.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Tar/Gravel

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0633305022022
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Contemporary
  • Year Built: 1974

Tax Information

  • Annual Tax: $1,043

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Location

  • County: Denver

Listing Details


Listed by:
Lance Chayet
HANOVER REALTY
(303) 399-9000

Source:
REColorado
MLS#:
REColorado

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$305
Cap Rate
7.9%
Cash-on-Cash Return
9.6%
Debt Coverage Ratio
1.39
Internal Rate of Return (5 years)
13.4%

Purchase Details

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Purchase price:
$164,995
Amount financed:
-$131,996
Down payment:
$32,999
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,949
Square feet:
808
Cost per square foot:
$204
Monthly rent per square foot:
$2.10

Financing Details

Find a Lender

Loan amount:
$131,996
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$781
Property tax:
$87
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$987

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$87-$1,043
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$512-$6,143

Cash Flow


Monthly Yearly
Net operating income:
$1,086 $13,032
Mortgage payments:
-$781 -$9,372
Cash flow:
$305 $3,660