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$290,000

For Sale - Active
8621 E Dry Creek Rd Unit 325, Englewood, CO 80112
1 Bed
1 Bath
702 Square Feet
0.01 Acres Lot
Built in 1994
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: May 31, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
-$763
Cap Rate
2.5%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.3%

Property Description


0.01 Acres Lot
Built in 1994
For Sale - Active
Units n/a

Discover this charming 1-bed, 1-bath condominium in the sought-after Saddle Ridge subdivision! With vaulted ceilings and large windows, this home is filled with natural light - creating a bright and airy atmosphere to enhance your daily living. The newly carpeted floors add warmth and style, while the move-in-ready condition means you can settle in with ease. Enjoy the convenience of an in-unit washer and dryer as well as a 1-car garage for extra storage. Located in a well-maintained community with easy access to shopping, dining, and major highways, this condo is the perfect blend of comfort and convenience. Enjoy walkability to Sabroso! Fresh Mexican Grill and Hunters Hill Park. Just minutes away from Park Meadows Mall, multiple golf courses, and Will Spring Open Space. *Please note this property is virtually staged; back to market as buyer financing fell through...their loss and your gain!!*

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: ACM Property Management
  • HOA Fee: $359/monthly

Land Information

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

Lot Information

  • Parcel ID: 207528435009
  • Lot Size: 436 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1994

Tax Information

  • Annual Tax: $1,636

Utilities

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

Location

  • County: Arapahoe

Listing Details


Listed by:
Lydia Golesh
Keller Williams DTC
(303) 731-9974

Source:
REColorado
MLS#: 7214228
REColorado

Investment Summary


Monthly Cash Flow
-$763
Cap Rate
2.5%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.3%

Purchase Details

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Purchase price:
$290,000
Amount financed:
-$232,000
Down payment:
$58,000
Closing costs:
$8,700
Rehab costs:
$0
Initial cash invested:
$66,700
Square feet:
702
Cost per square foot:
$413
Monthly rent per square foot:
$2.28

Financing Details

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Loan amount:
$232,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,372
Property tax:
$136
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,620

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$136-$1,636
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (22%)
22%-$359-$4,308
Total operating expenses: (56%)
56%-$895-$10,744

Cash Flow


Monthly Yearly
Net operating income:
$609 $7,308
Mortgage payments:
-$1,372 -$16,464
Cash flow:
$763 $9,156