1015 Colorado Ave · La Junta, CO 81050

$119,900

4 bd · 2.0 ba · 2,089 sqft · SingleFamily public records · 52 Days on market

Built 1924 7,000 sqft lot Est $213k · 44% 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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +6.8/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

Key facts

• 7,000 sq ft lot
• Built 1924
• Listed 52 days

Property features AI

Exterior

• Parking: Asphalt parking
• Utilities: Electricity connected; Community sewer; Public water
• Home design: Single family residence; One-level (one story) home; Unattached property; Estate ownership; Below-grade unfinished area (basement present and unfinished)
• Construction: Wood siding; Composition roof; Slab foundation; House
• Exterior features: Garden; Private yard; Deck; Front porch; Partial fencing

Interior

• Kitchen: Range; Granite counters
• Bedrooms: 4 bedrooms (all on the main level); Primary suite on the main level (approx. 12 x 16)
• Flooring: Laminate; Tile
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Built-in features; Ceiling fan(s); Granite counters; Walk-in closet(s)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 4.1% in La Junta — 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 67/100 on livability (#126 in CO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, crime F, amenities F.
• East Otero School District No. R1 (town): math 7% / reading 26% proficiency, ranked #83 of 86 in CO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: La Junta Primary School (291 students, 72% FRL); La Junta Jr/Sr High School (math 12% / reading 32%, grade F, #307 of 381 statewide, top 82%, 539 students, 72% FRL).
• Market conditions: 84 active listings in the ZIP; 11 units permitted in Otero County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Otero County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 12y ago; this cycle's ask has dropped $35k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,303 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F 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?
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: 1.18% ✓
• Cap rate: 9.94%
• Cash-on-cash: 13.03%
• DSCR: 1.58
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $213,078
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
912 Colorado Ave	0.09mi	3/2.0 (-1)	2,052 (-2%)	13mo	$270,000	$132	77
1012 Rice Ave	0.23mi	3/2.0 (-1)	2,011 (-4%)	3mo	$65,000	$32	76
916 Belleview Ave	0.26mi	3/2.0 (-1)	1,978 (-5%)	1mo	$230,000	$116	73
15 E 8th St	0.19mi	5/2.0 (+1)	1,936 (-7%)	8mo	$160,500	$83	67
502 Cimarron Ave	0.39mi	4/2.0	2,212 (+6%)	7mo	$152,000	$69	66
219 W 6th St	0.39mi	5/2.0 (+1)	2,232 (+7%)	1mo	$203,000	$91	64
701 Edison Ave	0.39mi	5/2.0 (+1)	2,106 (+1%)	20mo	$215,000	$102	59
2205 Raton Ave	0.73mi	3/2.0 (-1)	2,012 (-4%)	2mo	$255,000	$127	53
621 San Juan Ave	0.30mi	3/2.0 (-1)	1,811 (-13%)	8mo	$239,000	$132	52
807 Grace Ave	0.47mi	3/2.0 (-1)	1,904 (-9%)	9mo	$208,000	$109	51
602 Belleview Ave	0.40mi	5/2.0 (+1)	2,390 (+14%)	5mo	$180,000	$75	48
214 E 22nd St	0.73mi	3/2.0 (-1)	1,847 (-12%)	20mo	$150,000	$81	25

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: 2.9%
• Equity multiple: 1.11×
• Total profit: $3,766
• Equity at exit: $17,877

10-year hold

• IRR: 12.5%
• Equity multiple: 1.99×
• Total profit: $33,071
• Equity at exit: $10,367

Cash invested: $33,572 (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 81050

• Active inventory: 84
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,410 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$71 /mo · $849/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $365

Break-even live

Break-even rent $949

Max offer price $119,900

Occupancy floor 69%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-05-20
   status Pending 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

2. 2026-05-20
   status Pending 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

3. 2026-05-13
   price $119,900 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

4. 2026-05-13
   price $119,900 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

5. 2026-05-02
   price $134,900 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

6. 2026-05-02
   price $134,900 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

7. 2026-04-08
   price $144,900 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

8. 2026-04-08
   price $144,900 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

9. 2026-04-07
   status Active 735-char remark

   Show marketing remark (735 chars)

   Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

10. 2026-04-07
    status Active 735-char remark

    Show marketing remark (735 chars)

    Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

11. 2026-03-09
    status Pending 735-char remark

    Show marketing remark (735 chars)

    Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

12. 2026-03-09
    status Pending 735-char remark

    Show marketing remark (735 chars)

    Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

13. 2026-02-27
    listed $154,900 Active 735-char remark

    Show marketing remark (735 chars)

    Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

14. 2026-02-27
    listed $154,900 Active 735-char remark

    Show marketing remark (735 chars)

    Opportunity meets space in this 4-bedroom, 2-bath home offering comfortable square footage, abundant natural light, and a layout that supports both everyday living and future improvements. With solid bones and room to personalize, this property is ideal for buyers looking to build equity while creating a home that fits their style. Conveniently located in La Junta near Otero College, Arkansas Valley Regional Medical Center, local shops and dining along Colorado Ave, and outdoor destinations such as Vogel Canyon, Bent's Old Fort National Historic Site, and nearby parks and walking areas, the location balances small-town charm with practical accessibility. A strong option for those seeking space, potential, and long-term value.

15. 2026-02-04
    price $154,900
16. 2025-12-31
    listed $159,000 Active
17. 2022-03-02
    soldstatus $252,000
18. 2022-02-28
    soldstatus $252,000
19. 2022-01-09
    listed $242,000
20. 2018-10-19
    soldstatus $164,400
21. 2018-10-18
    soldstatus $164,300
22. 2018-06-16
    listed $165,000
23. 2016-06-02
    soldstatus $101,970
24. 2016-01-19
    listed $102,000
25. 2014-06-05
    soldstatus $37,919
26. 2014-01-03
    listed $27,500

ⓘ 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: $849 · $71/mo
• Projected year-2 tax: $849 · $71/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,922
• − Mortgage interest: −$6,716
• − Property taxes: −$849
• − Insurance: −$600
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − Depreciation: −$3,488
• Taxable income: $2,562
• Est. tax owed @ 24.0%: −$615
• After-tax cash flow: $3,760/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: East Otero School District No. R1
• NCES district ID: 0805130
• Math proficiency: 7% ▼ -2.00%
• Reading proficiency: 26% ▲ 5.00%
• Median HH income: $33,475
• Composite: 13.36/100
• National rank: #9534
• State rank: #83 of 86 in CO

Livability — La Junta

• Score: 67/100
• State rank: #126
• US rank: #10703

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Junta, CO
• Population (ZIP): 9,774

Population outlook (Otero County) Hauer SSP2

• Today (2025): 17,363 people
• By 2030: 16,776 · -3.4%
• By 2040: 15,534 · -10.5%
• By 2050: 14,467 · -16.7%
• By 2075: 12,054 · -30.6%
• By 2100: 9,392 · -45.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 52% Hispanic / Latino 40% Two or more races 10% Native American 2% Black 1%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Lithuanian 2% Iranian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 85% English-only · Spanish 14%

Political lean MEDSL · Otero

• 2024 margin: Strong R (+26.4) · D 35.5% · R 61.9% · Other 2.7%
• 2008→2024 swing: -15.9pp toward R · 2008: -10.5pp · 2024: -26.4pp
• All cycles: 2024: R+26.4 2020: R+22.5 2016: R+25.2 2012: R+9.3 2008: R+10.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -188.44%
• Current HPI: 232.984
• Rent YoY: —
• Metro: —
• 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

+336.0% since first listed

26 events — show timeline

• 2026-05-20 Pending — IRES
• 2026-05-20 Pending — REColorado as Distributed by MLS Grid
• 2026-05-13 Price Changed $119,900 IRES
• 2026-05-13 Price Changed $119,900 REColorado as Distributed by MLS Grid
• 2026-05-02 Price Changed $134,900 IRES
• 2026-05-02 Price Changed $134,900 REColorado as Distributed by MLS Grid
• 2026-04-08 Price Changed $144,900 IRES
• 2026-04-08 Price Changed $144,900 REColorado as Distributed by MLS Grid
• 2026-04-07 Relisted — IRES
• 2026-04-07 Relisted — REColorado as Distributed by MLS Grid
• 2026-03-09 Pending — IRES
• 2026-03-09 Pending — REColorado as Distributed by MLS Grid
• 2026-02-27 Listed $154,900 REColorado as Distributed by MLS Grid
• 2026-02-27 Listed $154,900 IRES
• 2026-02-04 Price Changed $154,900 PARMLS
• 2025-12-31 Listed $159,000 PARMLS
• 2022-03-02 Sold (Public Records) $252,000 Public Records
• 2022-02-28 Sold (MLS) $252,000 PARMLS
• 2022-01-09 Listed $242,000 PARMLS
• 2018-10-19 Sold (Public Records) $164,400 Public Records
• 2018-10-18 Sold (MLS) $164,300 PARMLS
• 2018-06-16 Listed $165,000 PARMLS
• 2016-06-02 Sold (MLS) $101,970 PARMLS
• 2016-01-19 Listed $102,000 PARMLS
• 2014-06-05 Sold (MLS) $37,919 REColorado as Distributed by MLS Grid
• 2014-01-03 Listed $27,500 REColorado as Distributed by MLS Grid

Property tax history

+7.3%/yr

Latest (2024): $849 · -1.3% YoY. Source: county tax records.