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9901 E Evans Ave Unit 4C
9901 E Evans Ave Unit 4C
Aurora, CO 80247
About
Two-bedroom, 1.5-bath townhouse renovated in 2017–2018 with granite countertops, stainless steel appliances, tile floors, and a walk-in closet in the main bedroom. Additional features include in-unit washer and dryer, a paved patio, updated windows, a new water heater (December 2024), and one garage parking space. The property is leased for one year (04/01/2026–03/31/2027) at $1,595/month with a $1,595 security deposit.
Property Management
Eric LeMunyan
Eric LeMunyan, CFA, has lived in the Denver metro area since 2009 and holds degrees in Finance, Economics, and an MBA in Finance. Purchased his first property in 2016 and combines real estate interests with two decades of investing experience. Works in financial reporting analysis with S&P Global and enjoys hiking and outdoor activities.
Due Diligence Documents
About this offering
The Market
Aurora, CO
Aurora is Colorado’s third-largest city and one of the Denver metro’s more affordable places to own. The Anschutz Medical Campus, home to UCHealth University of Colorado Hospital and Children’s Hospital Colorado, is a major job engine, and Buckley Space Force Base adds a steady military presence. Residents get quick access to Denver International Airport, the RTD light rail, and outdoor spots like Cherry Creek State Park.
Property Updates
Update on 3/7/26: The property has been rented out to a new tenant after the last tenant broke their lease. The new tenant will move in on April 1, and the old tenant will cover the rent up until the end of March as per the contract since they broke their lease. The new rent is $1,595 per month starting in April.
Update for 2026 from the HOA company, the message from Mike Workman of the HOA company shown below shows the increase in HOA dues as well as the special assessment for the year 2026 that I mentioned in the Discord chat earlier. As of posting this on February 2, 2026, I have adjusted expenses up by $202.50 per month to cover the monthly special assessment payment of $186.45 per month plus the increase in HOA dues this year of $16.05. I put this $202.50 per month into "Utilities" as I wanted to keep it separate from the property management fees that are charged by my property manager, Invested Property Management.
Here is Mike's message:
Dear Raintree East Owners,
This notice serves as a reminder of the approved budget and special assessment payment structure for 2026. At the Budget Ratification & Special Assessment Meeting held on October 15, 2025, the membership voted to approve a special assessment totaling $805,443.90 for the community. This equates to $2,237.40 per unit for the year, or $186.45 per month.
The Board has elected to allow payment of the special assessment over a 12-month period.
2026 Monthly Assessment Breakdown:
Description Monthly Amount Description Monthly Amount Regular Monthly Dues $337.05 Special Assessment $186.45 Total Monthly Payment (Effective 1/1/2026) $523.50
Beginning January 1, 2026, your monthly payment to Raintree East HOA will be $523.50. Payments should continue to be made in accordance with the Association’s standard payment process and schedule.
The Increase in monthly dues is to support increasing operation costs and cover rising inflation. As a reminder, the purpose of the special assessment is to pay off the Due from Operating to Reserves and fully fund the recommended reserve contribution for 2026, per the Capital Reserve Study.
If you have any questions regarding the 2026 budget, your payment schedule, or options for submitting payment, please contact Management and we will be happy to assist.
Thank you for your continued support and partnership in caring for Raintree East.
Sincerely,
Mike Workman
Weststar Management Company on behalf of Raintree East Homeowner Association
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9901 E Evans Ave Unit 4C
Aurora, CO 80247
About
Two-bedroom, 1.5-bath townhouse renovated in 2017–2018 with granite countertops, stainless steel appliances, tile floors, and a walk-in closet in the main bedroom. Additional features include in-unit washer and dryer, a paved patio, updated windows, a new water heater (December 2024), and one garage parking space. The property is leased for one year (04/01/2026–03/31/2027) at $1,595/month with a $1,595 security deposit.
Property Management
Eric LeMunyan
Eric LeMunyan, CFA, has lived in the Denver metro area since 2009 and holds degrees in Finance, Economics, and an MBA in Finance. Purchased his first property in 2016 and combines real estate interests with two decades of investing experience. Works in financial reporting analysis with S&P Global and enjoys hiking and outdoor activities.
Due Diligence Documents
Offering Details
The Market
Aurora, CO
Aurora is Colorado’s third-largest city and one of the Denver metro’s more affordable places to own. The Anschutz Medical Campus, home to UCHealth University of Colorado Hospital and Children’s Hospital Colorado, is a major job engine, and Buckley Space Force Base adds a steady military presence. Residents get quick access to Denver International Airport, the RTD light rail, and outdoor spots like Cherry Creek State Park.
Property Updates
Update on 3/7/26: The property has been rented out to a new tenant after the last tenant broke their lease. The new tenant will move in on April 1, and the old tenant will cover the rent up until the end of March as per the contract since they broke their lease. The new rent is $1,595 per month starting in April.
Update for 2026 from the HOA company, the message from Mike Workman of the HOA company shown below shows the increase in HOA dues as well as the special assessment for the year 2026 that I mentioned in the Discord chat earlier. As of posting this on February 2, 2026, I have adjusted expenses up by $202.50 per month to cover the monthly special assessment payment of $186.45 per month plus the increase in HOA dues this year of $16.05. I put this $202.50 per month into "Utilities" as I wanted to keep it separate from the property management fees that are charged by my property manager, Invested Property Management.
Here is Mike's message:
Dear Raintree East Owners,
This notice serves as a reminder of the approved budget and special assessment payment structure for 2026. At the Budget Ratification & Special Assessment Meeting held on October 15, 2025, the membership voted to approve a special assessment totaling $805,443.90 for the community. This equates to $2,237.40 per unit for the year, or $186.45 per month.
The Board has elected to allow payment of the special assessment over a 12-month period.
2026 Monthly Assessment Breakdown:
Description Monthly Amount Description Monthly Amount Regular Monthly Dues $337.05 Special Assessment $186.45 Total Monthly Payment (Effective 1/1/2026) $523.50
Beginning January 1, 2026, your monthly payment to Raintree East HOA will be $523.50. Payments should continue to be made in accordance with the Association’s standard payment process and schedule.
The Increase in monthly dues is to support increasing operation costs and cover rising inflation. As a reminder, the purpose of the special assessment is to pay off the Due from Operating to Reserves and fully fund the recommended reserve contribution for 2026, per the Capital Reserve Study.
If you have any questions regarding the 2026 budget, your payment schedule, or options for submitting payment, please contact Management and we will be happy to assist.
Thank you for your continued support and partnership in caring for Raintree East.
Sincerely,
Mike Workman
Weststar Management Company on behalf of Raintree East Homeowner Association
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Frequently Asked Questions
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Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$1,595.00
Monthly Rent
$566.76
Monthly Expenses
$1,028.24
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+15.4%
per year over 7 years
7-Year Projection
$2,732
+$1,732 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.