318 Colorado St · Sugar City, CO 81076

$41,900

1 bd · 1.0 ba · 532 sqft · SingleFamily public records · 67 Days on market

Built 1964 7,013 sqft lot ↓ 22% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +3.4/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

Investor special in the heart of Sugar City! This 1 bed 1 bath home at 318 Colorado St offers a prime opportunity for renovation and value-add. Sitting on a spacious lot, the property has solid potential for a full rehab, rental income, or flip project. Existing structure is in need of significant repairs and is being sold as-is. Utilities present but condition unknown. Bring your vision and tools...this is your chance to transform a fixer-upper into a charming residence or income-producing property. Cash or renovation financing only.

Key facts

• Spacious lot
• Full rehab
• Rental income

Tags

• SPACIOUS LOT
• FULL REHAB
• RENTAL INCOME
• INCOME-PRODUCING PROPERTY

Property features AI

Finance

• Financial info: Property owned by a bank/GSE

Exterior

• Utilities: Public sewer
• Home design: Single-family house; One story; Fixer condition; Bank/GSE ownership
• Construction: Frame construction; Built as a house
• Exterior features: Metal roof; Public water

Interior

• Bedrooms: One bedroom on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Wood stove heating; Other cooling
• Interior features: Primary suite

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $42k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($784 rent vs $42k).
• Recommended offer: $39k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 51/100 on livability (#396 in CO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Crowley County School District No. Re-1-J (rural): math 16% / reading 28% proficiency, ranked #150 of 176 in CO (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Crowley County Elementary K-6 (math 15% / reading 37%, grade F, #581 of 966 statewide, top 61%, 191 students, 65% FRL); Crowley County Junior And Senior High School (math 15% / reading 32%, grade F, #304 of 381 statewide, top 80%, 188 students, 62% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: 6 active listings in the ZIP; 4 units permitted in Crowley County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $290 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Crowley County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $13k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $39,386 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
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: 1.87% ✓
• Cap rate: 16.48%
• Cash-on-cash: 36.37%
• DSCR: 2.62
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 32.1%
• Equity multiple: 2.35×
• Total profit: $15,851
• Equity at exit: $6,247

10-year hold

• IRR: 39.2%
• Equity multiple: 4.66×
• Total profit: $42,945
• Equity at exit: $3,623

Cash invested: $11,732 (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 81076

• Home prices YoY: -1.8%
• Active inventory: 6
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $784 medium
• Mortgage (P&I): −$220
• Tax from tax record: −$27 /mo · $320/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$165
• Net cashflow: $356

Break-even live

Break-even rent $334

Max offer price $41,900

Occupancy floor 50%

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: $10,475
• Closing costs: $1,257
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $41,900 Active 67 DOM
2. 2026-06-18
   days on market $41,900 Active 66 DOM
3. 2026-06-17
   days on market $41,900 Active 65 DOM
4. 2026-06-17
   price $41,900 Active 64 DOM
5. 2026-06-16
   days on market $54,900 Active 64 DOM
6. 2026-06-15
   days on market $54,900 Active 63 DOM
7. 2026-06-13
   days on market $54,900 Active 61 DOM
8. 2026-06-12
   days on market $54,900 Active 60 DOM
9. 2026-06-09
   days on market $54,900 Active 57 DOM
10. 2026-06-08
    days on market $54,900 Active 56 DOM
11. 2026-06-07
    days on market $54,900 Active 55 DOM
12. 2026-06-04
    days on market $54,900 Active 51 DOM
13. 2026-06-02
    days on market $54,900 Active 50 DOM
14. 2026-06-01
    days on market $54,900 Active 49 DOM
15. 2026-05-31
    days on market $54,900 Active 48 DOM
16. 2026-05-31
    days on market $54,900 Active 47 DOM
17. 2026-04-13
    listed $54,900 Active 540-char remark

    Show marketing remark (540 chars)

    Investor special in the heart of Sugar City! This 1 bed 1 bath home at 318 Colorado St offers a prime opportunity for renovation and value-add. Sitting on a spacious lot, the property has solid potential for a full rehab, rental income, or flip project. Existing structure is in need of significant repairs and is being sold as-is. Utilities present but condition unknown. Bring your vision and tools...this is your chance to transform a fixer-upper into a charming residence or income-producing property. Cash or renovation financing only.

18. 2026-04-13
    listed $54,900 Active 540-char remark

    Show marketing remark (540 chars)

    Investor special in the heart of Sugar City! This 1 bed 1 bath home at 318 Colorado St offers a prime opportunity for renovation and value-add. Sitting on a spacious lot, the property has solid potential for a full rehab, rental income, or flip project. Existing structure is in need of significant repairs and is being sold as-is. Utilities present but condition unknown. Bring your vision and tools...this is your chance to transform a fixer-upper into a charming residence or income-producing property. Cash or renovation financing only.

19. 2024-07-16
    soldstatus $60,000 Closed 387-char remark

    Show marketing remark (387 chars)

    This quiant home has been remodeled with new kitchen counters and some cabinets, double sink, new bath with walk-in shower, new carpet, on demand water heater, enclosed back porch, covered patio, fenced back yard, storage shed. Perfect for the single or retired person wanting to downsize! Front yard has a well estaablished lawn and some schrubs and flowers. Need to see to appreciate.

20. 2024-06-13
    historical Active Under Contract 387-char remark

    Show marketing remark (387 chars)

    This quiant home has been remodeled with new kitchen counters and some cabinets, double sink, new bath with walk-in shower, new carpet, on demand water heater, enclosed back porch, covered patio, fenced back yard, storage shed. Perfect for the single or retired person wanting to downsize! Front yard has a well estaablished lawn and some schrubs and flowers. Need to see to appreciate.

21. 2024-05-21
    listed $70,000 Active 387-char remark

    Show marketing remark (387 chars)

    This quiant home has been remodeled with new kitchen counters and some cabinets, double sink, new bath with walk-in shower, new carpet, on demand water heater, enclosed back porch, covered patio, fenced back yard, storage shed. Perfect for the single or retired person wanting to downsize! Front yard has a well estaablished lawn and some schrubs and flowers. Need to see to appreciate.

ⓘ 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: $320 · $27/mo
• Projected year-2 tax: $320 · $27/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $9,409
• − Mortgage interest: −$2,347
• − Property taxes: −$320
• − Insurance: −$210
• − Repairs & maintenance: −$753
• − Management: −$753
• − Depreciation: −$1,219
• Taxable income: $3,808
• Est. tax owed @ 24.0%: −$914
• After-tax cash flow: $3,353/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: Crowley County School District No. Re-1-J
• NCES district ID: 0803210
• Math proficiency: 16% ▼ -10.00%
• Reading proficiency: 28% ▼ -12.00%
• Median HH income: $35,031
• Composite: 21.28/100
• National rank: #13663
• State rank: #150 of 176 in CO

Livability — Sugar City

• Score: 51/100
• State rank: #396
• US rank: #25381

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sugar City, CO
• Population (ZIP): 618

Population outlook (Crowley County) Hauer SSP2

• Today (2025): 5,612 people
• By 2030: 5,725 · +2.0%
• By 2040: 6,092 · +8.6%
• By 2050: 6,391 · +13.9%
• By 2075: 6,250 · +11.4%
• By 2100: 5,349 · -4.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 33% Two or more races 14%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Scotch-Irish 5% Portuguese 2% Danish 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 6%

Political lean MEDSL · Crowley

• 2024 margin: Solid R (+47.4) · D 24.7% · R 72.2% · Other 3.1%
• 2008→2024 swing: -20.2pp toward R · 2008: -27.2pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+47.7 2016: R+48.5 2012: R+25.9 2008: R+27.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.19%
• Current HPI: 175.3715
• 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

-21.6% since first listed

5 events — show timeline

• 2026-04-13 Listed $54,900 IRES
• 2026-04-13 Listed $54,900 REColorado as Distributed by MLS Grid
• 2024-07-16 Sold (MLS) $60,000 PARMLS
• 2024-06-13 Contingent — PARMLS
• 2024-05-21 Listed $70,000 PARMLS

Property tax history

+8.4%/yr

Latest (2025): $320 · +251.6% YoY. Source: county tax records.