3634 Day Lily Street Wellington, CO 80549
4 bd3 ba3,336 sqft
The Property
This stunning 4-bedroom, 3-bathroom single-family home in Wellington offers everything you need for comfortable living. Step into the inviting open floor plan, perfect for entertaining and family gatherings, with a bright and airy layout that effortlessly connects the living, dining, and kitchen areas. Outside, you’ll love the large backyard, perfect for relaxing, gardening, or hosting summer barbecues. Best of all, this home comes with paid-off solar panels, giving you the benefits of sustainable energy and saving on electricity costs. Plus, the assumable mortgage at just 3.25% makes this home an incredible investment opportunity! This home is ideal for families and professionals in a friendly neighborhood with easy access to local amenities, parks, and schools.
Why Coliving?
Co-living can boost your existing property’s value with higher total rents -vs- traditional rentals. It eliminates complete vacancies leading to more consistent income and shared utilities & amenities let you tap into economies of scale. Co-living is a fast-growing market because it provides affordability, flexibility, and a sense of community for residents.
The Plan
We’re converting this 5-bedroom, 3-bathroom house into a 9-bedroom, 3-bathroom house and renting it by the room. The plan is to hold for cash flow until there is significant equity then look at selling. (We estimate holding for 7-10 years)
The Numbers
$497,000 Purchase
$91,779 Total Entry Fee to get Stabilized
44% Cash on Cash Return Before Splits
$100K + Estimated Equity After Renovation/Lease Up
Room Rates:
$840 X 8 Bedrooms (2 shared full bathrooms)
$1,113 X 1 Master Bedroom
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$7,833 Gross Income
Expenses:
-$3,168 PITI
-$765 Utilities
-$392 Maintenance Warchest
-$50 Lawn Care/Snow Removal
-$100 House Cleaning
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-$4,475
= $3,358 Mo. Net Income ($1,679/mo each)
Total Entry Fee:
$47,000 + CC ($2K) = Cash to Close
$33,000 Renovations (living and Basement)
$9,779 Holding Costs (3 months)
$4,500 Furnishings
$750 Technology (Smart Locks, Smart Thermostat, etc.)
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$91,779 Total to get stabilized
ROI:
$40,010 / Annualized Income
44% Cash on Cash
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Interested?
Please schedule a call with our team ASAP to discuss acquiring this deal. Our deals usually go quickly, so please schedule with us now if interested.
Book a call with me at -> https://hybridrealestateinvesting.com/call or fill out the form below and we’ll be in touch.
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