1492 Sylmar Pl #36 · Loveland, CO 80537

$138,500

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 58 Days on market

Built 2016 ↓ 1% since listing

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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 +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1492 Sylmar Place in Loveland! This 2016 Champion home is in mint, move-in-ready condition in a quiet 55+ community. Featuring 2 beds, 2 baths, and an open floor plan with stainless steel appliances, upgraded windows, and included washer/dryer. Enjoy a covered deck, 10'x14' shed, carport + extra parking. Pet-friendly (under 25lbs) and has a sprinkler system for easy lawn care. Lot rent 1075/mo and incl water and sewer. Must apply at the park prior to any offers. Motivated Seller open to all reasonable offers!

Key facts

• Covered deck
• Open floor plan
• Carport

Tags

• OPEN FLOOR PLAN
• STAINLESS STEEL APPLIANCES
• UPGRADED WINDOWS
• COVERED DECK
• 10X14 SHED
• CARPORT

Property features AI

Exterior

• Parking: Carport
• Utilities: City water (meter installed); Public sewer; Natural gas available (Xcel); Electricity available; Cable available; Satellite available; High-speed internet available
• Home design: Manufactured home in a park; Manufactured home property type
• Construction: Frame construction; Composition roof
• Exterior features: Deck; Land lease; Storage structure; Wooded, level lot; Property faces east; Within city limits; Paved roads; Street light nearby; Fire hydrant within 500 feet; Asphalt road surface; City street frontage; Minimal flood risk (C rating)

Interior

• Kitchen: Electric range; Dishwasher; Refrigerator; Microwave
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bath; 1 three-quarter bath
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Eat-in kitchen; Open floor plan; Workshop; Kitchen island; Window coverings
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $138k.

Deal economics

• At list price, monthly cash flow is $491 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $134k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 2.9% in Loveland — 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 73/100 on livability (#52 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities A; Watch: crime C-, commute F, cost of living F.
• Thompson School District R-2J (suburban): math 28% / reading 48% proficiency, ranked #28 of 86 in CO (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 283 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,786 units permitted in Larimer County in 2024 (402 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $958 of loan paydown is wiped out by about $4k 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 (-3.0% appreciation + 3.6% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($134k) is reasonable based on typical stale-listing flexibility.

Recommended offer $134,345 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.20% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.20%
• DSCR: 1.68
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $66,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1516 Sunset Pl #30	0.06mi	3/2.0	1,216 (0%)	9mo	$12,000	$10	89
1166 Madison Ave #244	0.12mi	3/2.0	1,232 (+1%)	4mo	$55,000	$45	89
1641 Garnet St #49	0.14mi	3/2.0	1,216 (0%)	6mo	$38,000	$31	88
1166 Madison Ave #136	0.12mi	3/2.0	1,296 (+7%)	4mo	$48,000	$37	80
1829 Sandstone Ct #77	0.26mi	3/2.0	1,296 (+7%)	0mo	$71,900	$55	76
1375 Sunset Pl #10	0.06mi	2/2.0 (-1)	1,148 (-6%)	8mo	$87,500	$76	76
1166 Madison Ave #183	0.12mi	2/2.0 (-1)	1,248 (+3%)	12mo	$75,000	$60	74
1166 Madison Ave #246	0.12mi	3/2.0	1,080 (-11%)	2mo	$85,000	$79	74
1500 Sylmar Pl #701	0.00mi	3/2.0	1,064 (-12%)	6mo	$34,000	$32	74
1759 Jade Dr #146	0.22mi	3/2.0	1,296 (+7%)	8mo	$60,000	$46	72
1757 Sandstone Dr #132	0.21mi	3/2.0	1,344 (+10%)	10mo	$95,000	$71	65
1166 Madison Ave #203	0.12mi	2/1.5 (-1)	1,072 (-12%)	7mo	$72,500	$68	62

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 · 3.57% rent growth · sell at horizon

5-year hold

• IRR: 6.4%
• Equity multiple: 1.25×
• Total profit: $9,749
• Equity at exit: $20,651

10-year hold

• IRR: 16.2%
• Equity multiple: 2.35×
• Total profit: $52,545
• Equity at exit: $11,975

Cash invested: $38,780 (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 80537

• Rents YoY: 3.6%
• Active inventory: 283
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,668 high
• Mortgage (P&I): −$726
• Tax from tax record: −$43 /mo · $515/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $491

Break-even live

Break-even rent $1,047

Max offer price $138,500

Occupancy floor 66%

Sensitivity live

Price	-10% $570	-5% $530	+0% $491	+5% $452	+10% $413
Rent	-10% $359	-5% $425	+0% $491	+5% $557	+10% $623
Rate	-1.0pp $561	-0.5pp $526	base $491	+0.5pp $455	+1.0pp $419

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: $34,625
• Closing costs: $4,155
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1302 Nickel Dr Unit 1 Loveland, CO	3.0	1.0	950	$1,300	$1.37	24d	1	0.13mi
1710 E 16th St Loveland, CO	2.0	1.5	900	$1,427	$1.59	24d	1	0.29mi
1706 E 16th St Unit 1710 Loveland, CO	2.0	1.5	900	$1,250	$1.39	24d	1	0.30mi
1707 E 16th St Unit 1717 Loveland, CO	2.0	1.5	825	$1,295	$1.57	14d	1	0.33mi
1840 E 17th St Unit 1840 Loveland, CO	3.0	1.0	1000	$1,345	$1.34	14d	1	0.41mi
1707 Cheyenne Ave Unit 8 Loveland, CO	2.0	1.0	820	$1,245	$1.52	24d	1	0.43mi
1640 Cheyenne Ave Loveland, CO	2.0	1.0	900	$1,900	$2.11	24d	1	0.45mi
734 Madison Ave Loveland, CO	3.0	1.0	1200	$1,800	$1.50	14d	1	0.47mi
1292 E 6th St Loveland, CO	1.0–3.0	1.0–1.5	845	$1,991	$2.36	14d	1	0.64mi
1494 E 5th St Loveland, CO	2.0	1.0	800	$1,525	$1.91	24d	1	0.66mi
1143 E 5th St Loveland, CO	2.0	1.0	760	$1,250	$1.64	24d	1	0.69mi
1145 E 5th St Loveland, CO	2.0	1.0	760	$1,250	$1.64	24d	1	0.70mi
1054 E 5th St Loveland, CO	3.0	1.0	1090	$1,700	$1.56	14d	1	0.80mi
1325 N Jefferson Ave Loveland, CO	2.0	1.0	850	$1,545	$1.82	24d	1	0.84mi
1116 Cleveland Ave Loveland, CO	2.0	1.0	1338	$1,345	$1.01	24d	1	0.97mi
574 E 23rd St Loveland, CO	2.0	1.0	956	$1,250	$1.31	24d	5	0.98mi
325 E 5th St Loveland, CO	3.0	1.0–2.0	1188	$2,335	$1.97	14d	1	1.09mi
585 N Lincoln Ave Loveland, CO	1.0–2.0	1.0–2.0	747	$1,750	$2.34	24d	3	1.11mi
2900 Mountain Lion Dr Loveland, CO	3.0	1.0–2.0	936	$2,360	$2.52	14d	17	1.17mi
247 W 10th St Loveland, CO	2.0	2.0	865	$2,500	$2.89	22d	1	1.21mi
246 N Cleveland Ave Loveland, CO	3.0	1.0–2.0	1022	$3,102	$3.03	14d	11	1.26mi
110 E 1st St Loveland, CO	2.0	2.0	1300	$1,695	$1.30	24d	1	1.39mi
130 E 1st St Loveland, CO	2.0	1.0	800	$1,695	$2.12	24d	1	1.39mi
140 E 1st St Loveland, CO	2.0	2.0	875	$1,795	$2.05	14d	1	1.40mi
434 W 10th St Loveland, CO	2.0	1.0	872	$1,400	$1.61	24d	1	1.41mi
430 W 10th St Loveland, CO	2.0	1.0	756	$1,400	$1.85	24d	1	1.42mi
466 W 10th St Loveland, CO	2.0	1.0	840	$1,400	$1.67	24d	1	1.44mi
480 W 10th St Loveland, CO	2.0	2.0	940	$1,700	$1.81	24d	1	1.45mi
1015 Roosevelt Ave Unit B1 Loveland, CO	2.0	1.0	900	$1,500	$1.67	24d	1	1.47mi

Listing history 7 events

1. 2026-06-03
   days on market $138,500 Active 58 DOM
2. 2026-06-02
   days on market $138,500 Active 57 DOM
3. 2026-06-01
   days on market $138,500 Active 56 DOM
4. 2026-05-31
   days on market $138,500 Active 55 DOM
5. 2026-05-30
   days on market $138,500 Active 54 DOM
6. 2026-04-18
   price $138,500
7. 2026-04-06
   listed $140,000 Active

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

Tax reassessment forecast CO · Resets to sale price

• Current annual tax: $515 · $43/mo
• Projected year-2 tax: $762 · $63/mo
• Expected delta: +$247/yr (+$21/mo · 48.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,022
• − Mortgage interest: −$7,758
• − Property taxes: −$515
• − Insurance: −$692
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − Depreciation: −$4,029
• Taxable income: $3,824
• Est. tax owed @ 24.0%: −$918
• After-tax cash flow: $4,977/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.

Schools (NCES district)

• District: Thompson School District R-2J
• NCES district ID: 0805400
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $63,040
• Composite: 34.01/100
• National rank: #5313
• State rank: #28 of 86 in CO

Livability — Loveland

• Score: 73/100
• State rank: #52
• US rank: #5353

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loveland, CO
• County: Larimer County · 338,255 people
• City population: 94,535
• Metro: Fort Collins, CO
• Population (ZIP): 44,425
• Household income: $86,325
• Rent vs Own: 36.5% rent · 63.5% own
• Severe rent burden: 1703.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 12% Two or more races 8%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Slovak 4% Italian 3% Lithuanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -606.26%
• Current HPI: 253.4939
• Rent YoY: ▲ 3.57%
• Metro: Fort Collins, 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

-1.1% since first listed

2 events — show timeline

• 2026-04-18 Price Changed $138,500 IRES
• 2026-04-06 Listed $140,000 IRES

Property tax history

+6.3%/yr

Latest (2025): $515 · +219.8% YoY. Source: county tax records.