Rental single family home in Franktown

[Jena Vail]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $550,000
Cash invested: $110,000

Charming 2 Bedroom, 1 Bath ranch home is available for rent in Franktown. Close to Castlewood Canyon and Cherry Creek Trail. Plenty of shopping in Castle Rock, Parker and Elizabeth, which are all only minutes away. The home has wood floors, tile countertops, claw foot bathtub and a yard with an old-fashioned porch swing. Refrigerator, washer and dryer are included.

What made you interested in investing in this type of deal?

The property is both commercial and residential, so the land has commercial value and the home can be rented out

How did you find this deal and how did you negotiate it?

Called the current owner as it was not for sale.

How did you finance this deal?

Investment loan through a traditional bank

How did you add value to the deal?

Our knowledge of the zoning, water rights, easements, etc of land in the area was invaluable.

What was the outcome?

A cute rental in great shape.

Lessons learned? Challenges?

Always work with local people who know the current zoning restrictions!