62650 Lasalle Rd #317 · Montrose, CO 81401

$115,500

3 bd · 2.0 ba · 1,178 sqft · Manufactured public records · 349 Days on market

Built 2022 Est $94k · 23% over ↓ 4% since listing

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Why this score? — see what drove the C+ 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your next home — a beautiful 2022 3-bedroom, 2-bath, 1178 sqft, manufactured home located in a clean, peaceful community full of charm and amenities! This thoughtfully designed home offers a split floor plan perfect for privacy and functionality. The large master suite provides a relaxing retreat, while the two additional bedrooms are perfect for anything you may need them for. Step into the open-concept kitchen featuring a large kitchen island, stainless steel appliances, farmhouse sink, and an upgraded refrigerator. With sleek finishes and plenty of space this kitchen makes entertaining easy and cooking a joy. Enjoy your mornings with a cup of coffee on the covered fron

Key facts

• Large kitchen island
• Covered front porch
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• LARGE KITCHEN ISLAND
• STAINLESS STEEL APPLIANCES
• FARMHOUSE SINK
• UPGRADED REFRIGERATOR
• COVERED FRONT PORCH

Property features AI

Finance

• HOA & community: Homeowners association: Hidden Lake Community; Community clubhouse; Playground; Park

Exterior

• Parking: Driveway access
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; High-speed internet available; Cable available; Cellular phone reception
• Home design: Single wide mobile home; One-story; Skirted foundation; Has a view; Asphalt roof
• Construction: Modular/prefab construction; Masonite exterior; Asphalt roof; Skirt foundation
• Exterior features: Covered porch; Porch; Pond on the property; Paved road access

Interior

• Kitchen: Cooktop; Oven; Range; Microwave; Dishwasher; Garbage disposal; Refrigerator; Exhaust fan
• Bedrooms: Primary bedroom on the main level
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Eat-in kitchen; Kitchen island; Kitchen/dining combo; Main level primary bedroom; Walk-in closet(s); Window treatments; Double-pane vinyl windows
• Laundry & utility: Washer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $116k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $116k).
• Recommended offer: $102k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 1.9% in Montrose — 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 68/100 on livability (#109 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+; Watch: amenities C-, schools D+, employment D+.
• Montrose County School District Re-1J (town): math 22% / reading 36% proficiency, ranked #55 of 86 in CO (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 375 active listings in the ZIP; 271 units permitted in Montrose County in 2024 (22 in 5+ unit buildings).
• This rent runs 32% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $799 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Montrose County population projected at -25% 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 $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 349 days — a 12% lower offer ($102k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 349 days. Have you received any prior offers? Is the seller open to a 12% 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.64% ✓
• Cap rate: 14.55%
• Cash-on-cash: 29.48%
• DSCR: 2.31
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $94,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
62650 Lasalle Rd #805	0.00mi	3/2.0	1,155 (-2%)	5mo	$120,000	$104	92
62650 Lasalle Rd #331	0.00mi	3/2.0	1,140 (-3%)	10mo	$111,500	$98	87
62650 Lasalle Rd #337	0.00mi	3/2.0	1,140 (-3%)	12mo	$125,000	$110	84
62650 Lasalle Rd #807	0.00mi	3/2.0	1,140 (-3%)	13mo	$105,000	$92	84
62880 Lasalle Rd #139	0.29mi	3/2.0	1,216 (+3%)	6mo	$64,000	$53	76
62880 Lasalle Rd Rd Unit 131	0.29mi	3/2.0	1,248 (+6%)	10mo	$100,000	$80	68
62880 Lasalle Rd #147	0.29mi	2/2.0 (-1)	1,152 (-2%)	13mo	$85,000	$74	67
62880 Lasalle Rd #100	0.29mi	3/2.0	1,216 (+3%)	20mo	$75,450	$62	64
62880 Lasalle Rd #113	0.29mi	3/2.0	1,120 (-5%)	18mo	$95,000	$85	63
62880 Lasalle Rd #117	0.29mi	3/2.0	1,120 (-5%)	23mo	$79,000	$71	60
62880 Lasalle Rd #71	0.29mi	3/2.0	1,280 (+9%)	17mo	$60,000	$47	58
62880 Lasalle Rd #184	0.29mi	3/2.0	1,024 (-13%)	21mo	$76,000	$74	48

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: 4.0%
• Equity multiple: 1.15×
• Total profit: $4,951
• Equity at exit: $17,221

10-year hold

• IRR: 13.6%
• Equity multiple: 2.10×
• Total profit: $35,423
• Equity at exit: $9,986

Cash invested: $32,340 (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 81401

• Active inventory: 375
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,891 medium
• Mortgage (P&I): −$606
• Tax from tax record: −$45 /mo · $543/yr
• Insurance: −$48
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $368

Break-even live

Break-even rent $1,425

Max offer price $115,500

Occupancy floor 76%

Sensitivity live

Price	-10% $433	-5% $401	+0% $368	+5% $335	+10% $303
Rent	-10% $219	-5% $293	+0% $368	+5% $443	+10% $517
Rate	-1.0pp $426	-0.5pp $397	base $368	+0.5pp $338	+1.0pp $308

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: $28,875
• Closing costs: $3,465
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $115,500 Active 349 DOM
2. 2026-06-19
   days on market $115,500 Active 347 DOM
3. 2026-06-18
   days on market $115,500 Active 346 DOM
4. 2026-06-17
   days on market $115,500 Active 345 DOM
5. 2026-06-16
   days on market $115,500 Active 344 DOM
6. 2026-06-15
   days on market $115,500 Active 343 DOM
7. 2026-06-14
   days on market $115,500 Active 341 DOM
8. 2026-06-12
   days on market $115,500 Active 340 DOM
9. 2026-06-09
   days on market $115,500 Active 337 DOM
10. 2026-06-08
    days on market $115,500 Active 336 DOM
11. 2026-06-07
    days on market $115,500 Active 335 DOM
12. 2026-06-02
    days on market $115,500 Active 330 DOM
13. 2026-06-01
    days on market $115,500 Active 329 DOM
14. 2026-05-31
    days on market $115,500 Active 328 DOM
15. 2026-05-30
    days on market $115,500 Active 327 DOM
16. 2025-12-30
    price $115,500
17. 2025-07-07
    listed $120,000 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: $543 · $45/mo
• Projected year-2 tax: $635 · $53/mo
• Expected delta: +$92/yr (+$8/mo · 17.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,688
• − Mortgage interest: −$6,470
• − Property taxes: −$543
• − Insurance: −$5,696
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − Depreciation: −$3,360
• Taxable income: $2,989
• Est. tax owed @ 24.0%: −$717
• After-tax cash flow: $3,698/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: Montrose County School District Re-1J
• NCES district ID: 0805790
• Math proficiency: 22% ▼ -5.00%
• Reading proficiency: 36% ▼ -7.00%
• Median HH income: $45,650
• Composite: 24.9/100
• National rank: #7577
• State rank: #55 of 86 in CO

Livability — Montrose

• Score: 68/100
• State rank: #109
• US rank: #9310

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Montrose County · 24,228 people
• City population: 24,228
• Metro: Montrose, CO
• Population (ZIP): 24,228
• Household income: $71,286
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 682.0

Population outlook (Montrose County) Hauer SSP2

• Today (2025): 39,229 people
• By 2030: 37,791 · -3.7%
• By 2040: 33,829 · -13.8%
• By 2050: 29,530 · -24.7%
• By 2075: 20,559 · -47.6%
• By 2100: 12,144 · -69.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 13% Native American 1%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Slovak 4% Romanian 3% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 86% English-only · Spanish 11% Other Indo-European 1%

Political lean MEDSL · Montrose

• 2024 margin: Solid R (+32.6) · D 32.6% · R 65.2% · Other 2.2%
• 2008→2024 swing: -2.8pp toward R · 2008: -29.8pp · 2024: -32.6pp
• All cycles: 2024: R+32.6 2020: R+36.5 2016: R+42.1 2012: R+36.4 2008: R+29.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -210.94%
• Current HPI: 373.4909
• Rent YoY: —
• Metro: Montrose, 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

-3.8% since first listed

2 events — show timeline

• 2025-12-30 Price Changed $115,500 cren
• 2025-07-07 Listed $120,000 cren

Property tax history

+34.5%/yr

Latest (2025): $543 · +346.2% YoY. Source: county tax records.