847 Airport Road Space Rd #21 · Breckenridge, CO 80424

$120,000

2 bd · 2.0 ba · 870 sqft · Manufactured · 66 Days on market

Built 2019 Good condition 2.92 ac lot Est $144k · 17% 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
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover Your Perfect Mountain Retreat in Breckenridge! Welcome to this charming mobile home that is ready for you to move in! Located in the heart of Breckenridge, you'll have quick access to the vibrant Main Street, just minutes away, plus convenient grocery shopping, dining, and the gondola—all within a short five-minute walk. A bus stop right outside provides easy, free transportation to the slopes and around Summit County. Step outside your door to scenic trails and enjoy the newly renovated recreation center, just a minute’s walk away. Plus, the tranquil Blue River flows right behind, offering a peaceful escape from the hustle and bustle. This home features a 5x15ft storag

Key facts

• Scenic trails
• Bus stop outside
• Dining and gondola

Tags

• QUICK ACCESS TO MAIN STREET
• CONVENIENT GROCERY SHOPPING
• DINING AND GONDOLA
• BUS STOP OUTSIDE
• EASY TRANSPORTATION TO SLOPES
• SCENIC TRAILS

Property features AI

Finance

• HOA & community: On-site management; Mobile home park (lot rent noted in remarks)

Exterior

• Parking: Assigned parking
• Utilities: Public water; Sewer connected; Electricity available; Natural gas available; Phone available; Cable available
• Home design: Mobile home; Residential property
• Construction: Wood siding; Asphalt roof
• Exterior features: Deck; Storage structure on site; Has view; Near public transit; Paved road access

Interior

• Kitchen: Dishwasher; Gas range; Microwave; Refrigerator
• Bedrooms: 6 total rooms
• Flooring: Vinyl; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating
• Interior features: Eat-in kitchen; Partially furnished; See remarks
• Laundry & utility: In-unit laundry (washer and dryer included)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $120k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.
• Cap rate 21.6% vs local median 0.7% in Breckenridge — 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 72/100 on livability (#62 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing B; Watch: health & safety C-, crime D, amenities F.
• Summit School District No. RE-1 (rural): math 27% / reading 43% proficiency, ranked #35 of 86 in CO (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Upper Blue Elementary School (math 34% / reading 37%, grade F, #422 of 966 statewide, top 44%, 237 students, 38% FRL); Summit Middle School (math 24% / reading 38%, grade F, #126 of 270 statewide, top 46%, 764 students, 38% FRL); Summit High School (math 37% / reading 62%, grade D, #115 of 381 statewide, top 34%, 1,132 students, 29% FRL).
• Market conditions: 614 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 308 units permitted in Summit County in 2024 (123 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Summit County population projected at +32% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $112,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 2.49% ✓
• Cap rate: 21.59%
• Cash-on-cash: 54.64%
• DSCR: 3.43
• GRM: 3.3

CMA / ARV

• ARV (on-the-fly): $144,420
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
847 Airport Rd #14	0.00mi	3/2.0 (+1)	858 (-1%)	2mo	$135,000	$157	91
847 Airport Road Space #22 Rd	0.05mi	2/2.0	812 (-7%)	10mo	$135,000	$166	78
847 Airport Rd #12	0.00mi	2/2.0	768 (-12%)	4mo	$135,000	$176	77
847 Airport Rd	0.07mi	2/—	812 (-7%)	10mo	$135,000	$166	77
847 Airport Road Space #13 Rd	0.05mi	2/2.0	960 (+10%)	21mo	$190,000	$198	63

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

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 50.7%
• Equity multiple: 3.22×
• Total profit: $74,535
• Equity at exit: $17,892

10-year hold

• IRR: 56.1%
• Equity multiple: 6.54×
• Total profit: $186,137
• Equity at exit: $10,375

Cash invested: $33,600 (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 →

ZIP-level market 80424

• Active inventory: 614
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $2,986 medium
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,800/yr
• Insurance: −$50
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$627
• Net cashflow: $1,474

Break-even live

Break-even rent $1,120

Max offer price $120,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,557	-5% $1,516	+0% $1,474	+5% $1,433	+10% $1,391
Rent	-10% $1,238	-5% $1,356	+0% $1,474	+5% $1,592	+10% $1,710
Rate	-1.0pp $1,535	-0.5pp $1,505	base $1,474	+0.5pp $1,443	+1.0pp $1,412

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
304 E. Washington RD Breckenridge, CO	1.0–4.0	1.0–4.5	1760	$4,067	$2.31	2d	2	1.02mi

Listing history 20 events

1. 2026-06-19
   days on market $120,000 Active 66 DOM
2. 2026-06-18
   days on market $120,000 Active 65 DOM
3. 2026-06-17
   days on market $120,000 Active 64 DOM
4. 2026-06-16
   days on market $120,000 Active 63 DOM
5. 2026-06-15
   days on market $120,000 Active 62 DOM
6. 2026-06-14
   days on market $120,000 Active 60 DOM
7. 2026-06-12
   days on market $120,000 Active 59 DOM
8. 2026-06-09
   days on market $120,000 Active 56 DOM
9. 2026-06-08
   days on market $120,000 Active 55 DOM
10. 2026-06-07
    days on market $120,000 Active 54 DOM
11. 2026-06-05
    days on market $120,000 Active 51 DOM
12. 2026-06-02
    days on market $120,000 Active 49 DOM
13. 2026-06-01
    days on market $120,000 Active 48 DOM
14. 2026-05-31
    days on market $120,000 Active 47 DOM
15. 2026-05-30
    days on market $120,000 Active 46 DOM
16. 2026-04-14
    listed $120,000 Active
17. 2024-12-03
    price $265,000
18. 2020-10-28
    historical
19. 2020-10-20
    price $99,000
20. 2020-09-03
    listed $110,000 Active

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 10 d/yr ≥75°F today · 28 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,835
• − Mortgage interest: −$6,722
• − Property taxes: −$1,800
• − Insurance: −$1,266
• − Repairs & maintenance: −$2,867
• − Management: −$2,867
• − Depreciation: −$3,491
• Taxable income: $16,822
• Est. tax owed @ 24.0%: −$4,037
• After-tax cash flow: $13,655/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 · 13 photos

Good 75/100 Cosmetic rehab

This mobile home is in excellent condition with modern updates and a move-in-ready appearance. It offers a great location and potential for further value enhancement.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both furniture — adds comfort and visual appeal
• Both smart home integration — increases convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both furniture — adds comfort and visual appeal ↑
• Both smart home integration — increases convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Summit School District No. RE-1
• NCES district ID: 0806810
• Math proficiency: 27% ▼ -7.00%
• Reading proficiency: 43% ▼ -7.00%
• Median HH income: $67,591
• Composite: 31.97/100
• National rank: #5840
• State rank: #35 of 86 in CO

Livability — Breckenridge

• Score: 72/100
• State rank: #62
• US rank: #6014

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Summit County · 31,352 people
• City population: 9,764
• Metro: Breckenridge, CO
• Population (ZIP): 9,764
• Household income: $120,907
• Rent vs Own: 21.9% rent · 78.1% own
• Severe rent burden: 181.0

Population outlook (Summit County) Hauer SSP2

• Today (2025): 35,421 people
• By 2030: 37,983 · +7.2%
• By 2040: 42,597 · +20.3%
• By 2050: 46,695 · +31.8%
• By 2075: 55,288 · +56.1%
• By 2100: 61,033 · +72.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 11% Hispanic / Latino 7% Asian 3% Pacific Islander 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 4% Slovak 4% Scotch-Irish 3%
• Foreign-born: 5% · Canada, Dominican Republic
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Summit

• 2024 margin: Solid D (+37.2) · D 67.0% · R 29.9% · Other 3.1%
• 2008→2024 swing: +4.1pp toward D · 2008: 33.0pp · 2024: 37.2pp
• All cycles: 2024: D+37.2 2020: D+39.5 2016: D+27.6 2012: D+24.4 2008: D+33.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -389.29%
• Current HPI: 311.0453
• Rent YoY: —
• Metro: Breckenridge, CO
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

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

Price history

+9.1% since first listed

5 events — show timeline

• 2026-04-14 Listed $120,000 SAR
• 2024-12-03 Price Changed $265,000 Fizber.com
• 2020-10-28 Listing Removed — IRES
• 2020-10-20 Price Changed $99,000 IRES
• 2020-09-03 Listed $110,000 IRES