[arve url="https://youtu.be/-4ymEQ-Wf9I" thumbnail="5244" title="475 Wintery Circle N Colorado Springs CO 80919" description="Fully & meticulously remodeled, ranch style home in the desirable Rockrimmon area of Colorado Springs! " upload_date="2018-09-15" /]
475 Wintery Circle N Colorado Springs CO 80919
Welcome home to your fully & meticulously remodeled, ranch style home in the desirable Rockrimmon area of Colorado Springs!
- 3,600 sq ft home on a nicely landscaped 1/4 acre lot with fenced backyard
- 5 beds, 3 baths with 5 piece master
- 2 living rooms and gas fireplaces
- Formal dining room and huge eat-in kitchen
- Gorgeous hardwood floors
- Fully finished basement
- Central air
- Private racquet and swim club within walking distance
- Close to great schools, interstate, shopping, restaurants and more
Modern upgrades include LED and/or recessed lighting throughout, dual flush toilets, keyless entry, video doorbell, and a smart thermostat. Convenient north side location close to I-25, perfect for Denver commuters! Like new and competitively priced in an area showing a year over year price increase upwards of 10%. Comparable sales to $585,000!
Arrange your private showing today!
Find out what down-payment assistance programs you may qualify for!
We Present the Latest Investment Opportunity!*
Asset type: FOURPLEX
Total Sq Ft: 4,095
Bed/Bath/Garage: 3 X 2/1/0, 1 X 1/1
(Neither unit square footage or condition verified)
Asking Price: $405k.
Current income: $2,595
Rehab estimate: $50k (placeholder, inspection pending. Seller disclosures show roughly $35k in foundation/masonry repair)
Year 1 Projections**
Income: $3,950 - $4,400 a month (+$225 a year coin laundry)
Return on Equity (ROE): 12% - 15% (what is return on equity?)
Net cash flow: $1,131 - $1,507
Operating Expense Ratio: 28% - 30%
Cap Rate: 6.9% - 7.2%
Cash on Cash Return: 9% - 12%
Owner occupants may qualify for a 3.5 – 5% down payment!
Don’t like the asking price? Make a reasonable offer!!
Please contact me by phone or text at 719-453-8690 for more details or to express your interest***.
*The asset being offered is not owned or under the control of Atlas Real Estate Group
**After rent increase(s). Calculations assume a 75% LTV, 30 yr. loan at 5%.
***NCND and/or Buyer Agency requested
Great SFR portfolio, featuring a mix of properties in several great Atlanta neighborhoods. The seller manages over 500 single family homes in the Metro Atlanta area and renovations completed to meet or exceed Housing Authority requirements. Great opportunity to acquire a very stable and easy to get fully performing portfolio!
Asking price: $829,408.00 ($104k per door, median estimated home value $326k)
Financials & Assumptions (third-party figures)
Net Operating Income: $63,674
Expense Load: 33.05%
Gross Yield: 11.36%
Net Yield: 7.68%
Cash on Cash Return: 7.68%
Rate of Return: 10.82%
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Contact Norberto at 719-453-8690 to express your interest. NCND required.
We do not own or control the assets offered herein. The offering is via third-party with whom we have a direct relationship. Asking and/or final sale price is/will be inclusive of a 5% buyer premium. The information provided is deemed reliable but not guaranteed. Buyer due diligence required.