2500 E Harmony Rd #358 · Fort Collins, CO 80528

$65,200

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 138 Days on market

Manufactured home Built 2026 Fair condition $54/sqft · 19% below area Est $80k · 19% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.6/10.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.4/5.0
• Condition / age +2.2/5.0
• Manufactured-home adj. -6.6

Listing remarks

* THIS IS A RESALE LISTING * This welcoming, well-maintained 3 bedroom, 2 bathroom home is a perfect place to raise your family. For your convenience, we have onsite community management to assist you when you need it. With our family-friendly community amenities such as a basketball court, community events, and a playground, your family will be excited to live here. This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

• Built 2026
• Listed 138 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $65k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $882 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 22.5% vs local median 2.7% in Fort Collins — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#11 in CO, #1,750 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: cost of living F.
• Poudre School District R-1 (urban): math 45% / reading 60% proficiency, ranked #10 of 86 in CO (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Traut Core Elementary School (math 67% / reading 77%, grade A-, #26 of 966 statewide, top 4%, 502 students, 12% FRL); Kinard Core Knowledge Middle School (math 61% / reading 77%, grade A, #8 of 270 statewide, top 3%, 748 students, 7% FRL); Fort Collins High School (math 42% / reading 73%, grade C, #68 of 381 statewide, top 18%, 1,903 students, 32% FRL).
• Zoned-school proficiency averages 66% at this address vs 52% district-wide (+14 pts) — the actual schools serving this property are materially stronger than the Poudre School District R-1 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.6%/yr); 246 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,786 units permitted in Larimer County in 2024 (402 in 5+ unit buildings).
• This rent is only 16% of the median local income ($130k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-1.4%/yr); year-one equity from $451 of loan paydown is wiped out by about $923 of value loss. Plan a longer hold.
• Larimer County population projected at +51% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-1.4% appreciation + 3.6% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.

Recommended offer $57,376 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.59% ✓
• Cap rate: 22.53%
• Cash-on-cash: 58.00%
• DSCR: 3.58
• GRM: 3.2

CMA / ARV

• ARV (median comp): $80,470
• List price: $65,200
• Delta: -18.98%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2500 E Harmony Rd #269	0.00mi	3/2.0	1,232 (+1%)	6mo	$82,000	$67	93
2500 E Harmony Rd #439	0.00mi	3/2.0	1,248 (+3%)	5mo	$105,000	$84	92
2500 E Harmony Rd #166	0.00mi	3/2.0	1,186 (-2%)	8mo	$48,000	$40	89
2500 E Harmony Rd #293	0.00mi	3/2.0	1,241 (+2%)	11mo	$75,000	$60	88
2500 E Harmony Rd #484	0.00mi	3/2.0	1,216 (0%)	17mo	$105,000	$86	86
2500 E Harmony Rd #339	0.00mi	3/2.0	1,344 (+10%)	1mo	$50,000	$37	82
2500 E Harmony Rd #329	0.00mi	3/2.0	1,296 (+7%)	14mo	$105,000	$81	77
2500 E Harmony Rd #105	0.00mi	3/2.0	1,344 (+10%)	7mo	$75,000	$56	77
2500 E Harmony Rd #84	0.20mi	3/2.0	1,104 (-9%)	5mo	$83,000	$75	72

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.42% appreciation · 3.6% rent growth · sell at horizon

5-year hold

• IRR: 58.9%
• Equity multiple: 3.80×
• Total profit: $51,122
• Equity at exit: $14,446

10-year hold

• IRR: 62.6%
• Equity multiple: 7.86×
• Total profit: $125,319
• Equity at exit: $14,094

Cash invested: $18,256 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 8 active · 2 under contract
• Months of supply: 9.6 mo (10%/mo absorbed)
• Median asking: $62,825 ($54/sqft)
• Median days on market: 95 d
• This list price: 50% of active listings are priced below it
• ARV vs active asking: +22.4% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 80528

• Home prices YoY: -0.6%
• Rents YoY: 3.6%
• Active inventory: 246
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,687 high
• Mortgage (P&I): −$342
• Tax est. 1.5%: −$82 /mo · $978/yr
• Insurance: −$27
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $882

Break-even live

Break-even rent $570

Max offer price $65,200

Occupancy floor 43%

Sensitivity live

Price	-10% $927	-5% $905	+0% $882	+5% $860	+10% $837
Rent	-10% $749	-5% $816	+0% $882	+5% $949	+10% $1,016
Rate	-1.0pp $915	-0.5pp $899	base $882	+0.5pp $865	+1.0pp $848

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $16,300
• Closing costs: $1,956
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2921 Timberwood Dr Fort Collins, CO	2.0–3.0	2.0	1114	$1,920	$1.72	0d	3	0.61mi
2002 Battlecreek Dr Fort Collins, CO	1.0–3.0	1.0–2.0	1029	$2,471	$2.40	0d	17	0.88mi
5225 White Willow Dr Fort Collins, CO	2.0	2.0	1003	$1,940	$1.93	109d	1	1.00mi
5225 White Willow Dr Fort Collins, CO	2.0	2.0	1084	$1,870	$1.73	5d	1	1.00mi
4545 Wheaton Dr Fort Collins, CO	1.0–3.0	1.0–2.0	903	$2,200	$2.44	109d	5	1.21mi
4545 Wheaton Dr Fort Collins, CO	1.0–2.0	1.0–2.0	818	$1,895	$2.32	3d	3	1.21mi
1314 Armsley Ct Fort Collins, CO	3.0	2.0	1248	$2,400	$1.92	119d	1	1.22mi
2212 Vermont Dr Fort Collins, CO	1.0–2.0	1.0–2.0	852	$1,895	$2.22	0d	6	1.31mi
4470 S Lemay Ave Fort Collins, CO	1.0–2.0	1.0–2.0	870	$2,071	$2.38	0d	16	1.35mi
3707 Precision Dr Fort Collins, CO	1.0–2.0	1.0–2.0	963	$2,276	$2.36	0d	18	1.37mi
3465 Lochwood Dr Unit J39 Fort Collins, CO	2.0	1.5	1057	$1,795	$1.70	109d	1	1.44mi
2918 S Timberline Rd Fort Collins, CO	1.0–2.0	1.0–2.0	753	$2,040	$2.71	0d	10	1.46mi
3838 Steelhead St Unit H Fort Collins, CO	2.0	2.0	1110	$2,000	$1.80	5d	1	1.48mi
3500 Rolling Green Dr Unit D19 Fort Collins, CO	2.0	1.0	896	$1,675	$1.87	5d	1	1.50mi

Property features AI

Finance

• Other: Listing status: Active
• Financial info: List price $64,700

Exterior

• Utilities: Natural gas available
• Home design: Spec new construction, Plan 91327
• Exterior features: Located at 2500 E Harmony Rd #358, Fort Collins, CO 80528

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms (full)
• Heating & cooling: Natural gas heating
• Interior features: Living area approximately 1,216

Listing history 50 events

1. 2026-09-23
   days on market $65,200 Active 138 DOM
2. 2026-09-22
   days on market $65,200 Active 137 DOM
3. 2026-09-21
   days on market $65,200 Active 136 DOM
4. 2026-09-20
   days on market $65,200 Active 135 DOM
5. 2026-09-18
   days on market $65,200 Active 133 DOM
6. 2026-09-17
   days on market $65,200 Active 132 DOM
7. 2026-09-16
   days on market $65,200 Active 131 DOM
8. 2026-09-15
   days on market $65,200 Active 130 DOM
9. 2026-09-14
   days on market $65,200 Active 129 DOM
10. 2026-09-13
    days on market $65,200 Active 128 DOM
11. 2026-09-12
    days on market $65,200 Active 127 DOM
12. 2026-09-11
    days on market $65,200 Active 126 DOM
13. 2026-09-05
    days on market $65,200 Active 120 DOM
14. 2026-09-04
    days on market $65,200 Active 119 DOM
15. 2026-09-03
    days on market $65,200 Active 118 DOM
16. 2026-08-31
    days on market $65,200 Active 115 DOM
17. 2026-08-30
    days on market $65,200 Active 114 DOM
18. 2026-08-29
    days on market $65,200 Active 113 DOM
19. 2026-08-28
    days on market $65,200 Active 112 DOM
20. 2026-08-27
    days on market $65,200 Active 111 DOM
21. 2026-08-25
    days on market $65,200 Active 109 DOM
22. 2026-08-24
    days on market $65,200 Active 108 DOM
23. 2026-08-23
    days on market $65,200 Active 107 DOM
24. 2026-08-22
    days on market $65,200 Active 106 DOM
25. 2026-08-21
    days on market $65,200 Active 105 DOM
26. 2026-08-20
    days on market $65,200 Active 104 DOM
27. 2026-08-19
    days on market $65,200 Active 103 DOM
28. 2026-08-18
    days on market $65,200 Active 102 DOM
29. 2026-08-17
    days on market $65,200 Active 101 DOM
30. 2026-08-16
    days on market $65,200 Active 100 DOM
31. 2026-08-15
    days on market $65,200 Active 99 DOM
32. 2026-08-15
    days on market $65,200 Active 98 DOM
33. 2026-08-13
    days on market $65,200 Active 97 DOM
34. 2026-08-12
    days on market $65,200 Active 96 DOM
35. 2026-08-11
    days on market $65,200 Active 95 DOM
36. 2026-08-10
    days on market $65,200 Active 94 DOM
37. 2026-08-09
    days on market $65,200 Active 93 DOM
38. 2026-08-08
    days on market $65,200 Active 92 DOM
39. 2026-08-07
    days on market $65,200 Active 91 DOM
40. 2026-08-06
    days on market $65,200 Active 90 DOM
41. 2026-08-05
    days on market $65,200 Active 89 DOM
42. 2026-08-04
    days on market $65,200 Active 88 DOM
43. 2026-08-03
    days on market $65,200 Active 87 DOM
44. 2026-07-31
    days on market $65,200 Active 84 DOM
45. 2026-07-29
    days on market $65,200 Active 82 DOM
46. 2026-07-27
    days on market $65,200 Active 80 DOM
47. 2026-07-25
    days on market $65,200 Active 78 DOM
48. 2026-07-24
    days on market $65,200 Active 77 DOM
49. 2026-07-23
    days on market $65,200 Active 76 DOM
50. 2026-07-22
    days on market $65,200 Active 75 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,247
• − Mortgage interest: −$3,652
• − Property taxes: −$978
• − Insurance: −$326
• − Repairs & maintenance: −$1,620
• − Management: −$1,620
• − Depreciation: −$1,897
• Taxable income: $10,154
• Est. tax owed @ 24.0%: −$2,437
• After-tax cash flow: $8,151/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 2 photos

Fair 45/100 Cosmetic rehab Est. rehab $6,080–$18,240 screening

This home is in fair condition with some visible signs of wear and tear. It has a good roof and siding, but the interior walls, paint, flooring, and HVAC systems need some attention. Painting, replacing HVAC filters, and repairing any visible structural issues can improve its condition and increase its value.

Repairs flagged

• Minor roof — There are some visible signs of wear and tear.
• Minor exterior siding — There are some visible signs of wear and tear.
• Minor interior walls/paint — There are some visible signs of wear and tear.
• Minor flooring — There are some visible signs of wear and tear.
• Minor HVAC/mechanicals — There are some visible signs of wear and tear.

Value-add opportunities

• Both paint the exterior and interior — Painting the exterior and interior can improve the home's curb appeal and overall condition. ↑
• Both replace HVAC filters — Replacing HVAC filters can improve air quality and energy efficiency, which can increase both resale and rental value. ↑
• Both repair any visible structural issues — Repairing any visible structural issues can improve the home's overall condition and increase its value. ↑
• Both landscape the front yard — Landscape the front yard to improve curb appeal and increase both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Linton Elementary School F CO #706/966 Nat'l #33,738/41,679 Middle Boltz Middle School F CO #93/270 Nat'l #6,708/14,009 High Fort Collins High School C CO #68/381 Nat'l #4,023/17,239

Schools (NCES district)

• District: Poudre School District R-1
• NCES district ID: 0803990
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 60% ▼ -2.00%
• Median HH income: $57,281
• Composite: 45.5/100
• National rank: #2610
• State rank: #10 of 86 in CO

A Composite livability gradescore 80/100

Livability — Fort Collins

• Score: 80/100
• State rank: #11
• US rank: #1750

Category grades

Amenities A+ Commute A+ Cost of living F Crime C Employment B Housing A- Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Collins, CO
• County: Larimer County · 415,361 people
• City population: 202,303
• Metro: Fort Collins, CO
• Population (ZIP): 24,960
• Household income: $130,350
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 11% of renters

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Population outlook (Larimer County) Hauer SSP2

• Today (2025): 415,361 people
• By 2030: 457,762 · +10.2%
• By 2040: 542,310 · +30.6%
• By 2050: 627,048 · +51.0%
• By 2075: 833,722 · +100.7%
• By 2100: 952,590 · +129.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 15% Two or more races 12% Asian 6% Black 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 2%
• Common ancestry: Italian 4% Lithuanian 3% Romanian 3%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 86% English-only · Spanish 4% Other Indo-European 4% Chinese 1%

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Political lean MEDSL · Larimer

• 2024 margin: D (+17.6) · D 57.4% · R 39.8% · Other 2.9%
• 2008→2024 swing: +7.9pp toward D · 2008: 9.7pp · 2024: 17.6pp
• All cycles: 2024: D+17.6 2020: D+15.4 2016: D+4.9 2012: D+5.2 2008: D+9.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.42%
• Current HPI: 244.4061
• Rent YoY: ▲ 3.60%
• Metro: Fort Collins, CO
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

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Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Property features AI

Finance

• Other: Listing status: Active
• Financial info: List price $64,700

Exterior

• Utilities: Natural gas available
• Home design: Spec new construction, Plan 91327
• Exterior features: Located at 2500 E Harmony Rd #358, Fort Collins, CO 80528

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms (full)
• Heating & cooling: Natural gas heating
• Interior features: Living area approximately 1,216