712 Flamingo Dr · Lafayette, CO 80026

$75,000

2 bd · 1.0 ba · 858 sqft · Manufactured public records · 13 Days on market

Built 1978 852 sqft lot Est $73k · at est.

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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 +6.2/15.0
• Schools +5.1/10.0
• Livability +4.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 2-bedroom 1-bath single wide home located in Arbordale Acres. Arbordale Acres features its own clubhouse with an outdoor community area. This community area offers outdoor brick ovens and a park. Living room is open to kitchen and dining room. Washer and Dryer are included and have built-in cabinets for storage. Stove is gas, and all appliances are included. Master bedroom has his and her closets and its own door to the bathroom. This mobile home also has a ramp for easy access to the home. It includes a shed in the backyard and an individual covered parking! Arbordale Acres is a very quiet community minutes away from downtown Lafayette. Schedule your showing today-contact Rhea Guadiana 303-332-7933 for more information.

Key facts

• 3 parking spots
• Built 1978
• Listed 13 days

Property features AI

Finance

• HOA & community: Land lease in effect ($1,150 monthly; lease expires February 18, 2027)

Exterior

• Parking: 3 parking spaces (carport for 3)
• Utilities: Public sewer; Public water
• Home design: Manufactured home located in a park; Single-story
• Construction: Vinyl siding; Manufactured construction
• Exterior features: Metal roof; Located in the Arbordale Acres park; Public water

Interior

• Kitchen: Includes dishwasher, oven, refrigerator
• Bedrooms: 2 bedrooms (both on the main level)
• Bathrooms: 1 full bathroom (on the main level)
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Dishwasher, Oven, Refrigerator; One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $75k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Cap rate 23.2% vs local median 2.6% in Lafayette — 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 85/100 on livability (#1 in CO, #566 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: crime C-, cost of living F.
• Boulder Valley School District No. Re2 (urban): math 49% / reading 67% proficiency, ranked #6 of 86 in CO (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Alicia Sanchez International School (math 5% / reading 22%, grade F, #824 of 966 statewide, top 88%, 343 students, 74% FRL); Angevine Middle School (math 29% / reading 47%, grade F, #90 of 270 statewide, top 34%, 661 students, 44% FRL); Centaurus High School (math 54% / reading 74%, grade B-, #38 of 381 statewide, top 10%, 1,525 students, 32% FRL) — zoned schools average 50% FRL vs 16% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% at this address vs 58% district-wide (-20 pts) — the specific schools serving this property underperform the Boulder Valley School District No. Re2 average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.6%/yr); 200 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,688 units permitted in Boulder County in 2024 (1,136 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Boulder County population projected at +40% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $15k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.66% ✓
• Cap rate: 23.20%
• Cash-on-cash: 60.38%
• DSCR: 3.69
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $72,930
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
277 Skylark Cir	0.20mi	2/1.0	928 (+8%)	1mo	$75,000	$81	77
723 Oriole Dr	0.09mi	3/2.0 (+1)	871 (+2%)	18mo	$20,000	$23	70
804 Meadowlark Cv	0.13mi	2/2.0	938 (+9%)	8mo	$80,000	$85	67
304 Skylark Cir	0.17mi	3/2.0 (+1)	924 (+8%)	5mo	$82,000	$89	66
709 Cardinal Dr	0.11mi	3/2.0 (+1)	960 (+12%)	1mo	$104,000	$108	66
807 Flamingo Cv	0.12mi	2/1.0	980 (+14%)	11mo	$48,000	$49	61
723 Quail Dr	0.12mi	3/2.0 (+1)	952 (+11%)	20mo	$85,000	$89	50
11990 E South Boulder Rd #143	0.49mi	3/2.0 (+1)	980 (+14%)	3mo	$45,000	$46	42

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 · 1.56% rent growth · sell at horizon

5-year hold

• IRR: 57.5%
• Equity multiple: 3.49×
• Total profit: $52,331
• Equity at exit: $11,183

10-year hold

• IRR: 61.9%
• Equity multiple: 6.76×
• Total profit: $121,001
• Equity at exit: $6,485

Cash invested: $21,000 (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 80026

• Rents YoY: 1.6%
• Active inventory: 200
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,994 high
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $1,057

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 42%

Sensitivity live

Price	-10% $1,109	-5% $1,083	+0% $1,057	+5% $1,031	+10% $1,005
Rent	-10% $899	-5% $978	+0% $1,057	+5% $1,135	+10% $1,214
Rate	-1.0pp $1,094	-0.5pp $1,076	base $1,057	+0.5pp $1,037	+1.0pp $1,018

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
718 Dove Dr Lafayette, CO	2.0	2.0	975	$2,204	$2.26	21d	1	0.06mi
404 S Foote Ave Unit A Lafayette, CO	2.0	1.0	950	$1,325	$1.39	21d	1	0.17mi
440 Strathmore Ln Lafayette, CO	1.0–2.0	1.0–2.0	906	$2,405	$2.65	14d	15	0.34mi
601 Merlin Dr Lafayette, CO	2.0–3.0	1.0–2.0	973	$1,706	$1.75	14d	9	0.38mi
235 S Boulder Rd Lafayette, CO	3.0	1.0–3.5	1320	$2,856	$2.16	14d	1	0.47mi
310 W Simpson St Unit 2 Lafayette, CO	1.0	1.0	950	$1,395	$1.47	21d	1	0.64mi
1425 Bacchus Dr Unit C13 Lafayette, CO	2.0	1.0	900	$1,750	$1.94	14d	1	1.28mi
695 S Lafayette Dr Lafayette, CO	1.0–2.0	1.0–2.0	900	$2,473	$2.75	14d	27	1.31mi
1400 Crete Ct Lafayette, CO	1.0	1.0	695	$1,575	$2.27	21d	1	1.31mi
2500 S Public Rd Lafayette, CO	2.0	1.0	775	$1,939	$2.50	14d	3	1.37mi

Listing history 14 events

1. 2026-06-18
   days on market $75,000 Active 13 DOM
2. 2026-06-17
   days on market $75,000 Active 12 DOM
3. 2026-06-16
   days on market $75,000 Active 11 DOM
4. 2026-06-15
   days on market $75,000 Active 10 DOM
5. 2026-06-14
   days on market $75,000 Active 8 DOM
6. 2026-06-13
   days on market $75,000 Active 7 DOM
7. 2026-06-10
   days on market $75,000 Active 5 DOM
8. 2026-06-09
   days on market $75,000 Active 4 DOM
9. 2026-06-09
   days on market $75,000 Active 3 DOM
10. 2026-06-07
    statusdays on market $75,000 Active 2 DOM
11. 2026-06-05
    days on market $75,000 Coming Soon 3 DOM
12. 2026-06-03
    days on market $75,000 Coming Soon 2 DOM
13. 2026-06-02
    remarks 692-char remark
14. 2026-06-02
    listed $75,000 Coming Soon 1 DOM

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,924
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$1,914
• − Management: −$1,914
• − Depreciation: −$2,182
• Taxable income: $12,213
• Est. tax owed @ 24.0%: −$2,931
• After-tax cash flow: $9,749/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: Boulder Valley School District No. Re2
• NCES district ID: 0802490
• Math proficiency: 49% ▼ -3.00%
• Reading proficiency: 67% ▲ 4.00%
• Median HH income: $70,395
• Composite: 51.3/100
• National rank: #1747
• State rank: #6 of 86 in CO

Livability — Lafayette

• Score: 85/100
• State rank: #1
• US rank: #566

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lafayette, CO
• County: Boulder County · 271,666 people
• City population: 32,701
• Metro: Boulder, CO
• Population (ZIP): 32,701
• Household income: $120,187
• Rent vs Own: 34.1% rent · 65.9% own
• Severe rent burden: 1019.0

Population outlook (Boulder County) Hauer SSP2

• Today (2025): 380,833 people
• By 2030: 412,028 · +8.2%
• By 2040: 472,764 · +24.1%
• By 2050: 532,029 · +39.7%
• By 2075: 679,723 · +78.5%
• By 2100: 766,278 · +101.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 15% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 1%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 3%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 86% English-only · Spanish 9% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Boulder

• 2024 margin: Solid D (+55.8) · D 76.5% · R 20.8% · Other 2.7%
• 2008→2024 swing: +9.6pp toward D · 2008: 46.1pp · 2024: 55.8pp
• All cycles: 2024: D+55.8 2020: D+56.6 2016: D+48.6 2012: D+41.5 2008: D+46.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -489.04%
• Current HPI: 280.2819
• Rent YoY: ▲ 1.56%
• Metro: Boulder, 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

+971.4% since first listed

8 events — show timeline

• 2026-06-01 Coming Soon $75,000 REColorado as Distributed by MLS Grid
• 2026-05-08 Listing Removed — REColorado as Distributed by MLS Grid
• 2026-03-30 Price Changed $79,000 REColorado as Distributed by MLS Grid
• 2026-02-28 Listed $89,900 REColorado as Distributed by MLS Grid
• 2021-12-14 Sold (MLS) $55,000 REColorado as Distributed by MLS Grid
• 2021-12-03 Pending — REColorado as Distributed by MLS Grid
• 2021-11-19 Listed $59,900 REColorado as Distributed by MLS Grid
• 2009-04-24 Sold (Public Records) $7,000 Public Records

Property tax history

+6.1%/yr

Latest (2021): $113 · +5.5% YoY. Source: county tax records.