925 W 1st St #511 · Craig, CO 81625

$68,500

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 99 Days on market

Built 2007 Est $95k · 28% under

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Potential! Appliances included. New furnance and new skirting. Needs some TLC but would make a great investment property.

Key facts

• Covered deck
• Lvp flooring
• Open-concept living

Tags

• LVP FLOORING
• OPEN-CONCEPT LIVING
• COVERED DECK

Property features AI

Exterior

• Home design: Single family residence
• Exterior features: Not new construction; Located in Cedar Mountain Mobile Home Park (Cedar Mountain MHP)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Has heating
• Interior features: Property in good condition; HUD model

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $68k.

Deal economics

• At list price, monthly cash flow is $705 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $62k (9.0% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 3.2% in Craig — 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 65/100 on livability (#160 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A; Watch: employment C-, schools D, crime D.
• Moffat County School District Re: No. 1 (town): math 22% / reading 35% proficiency, ranked #53 of 86 in CO (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 188 active listings in the ZIP; 18 units permitted in Moffat County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $474 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Moffat County population projected at -41% 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 $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $14k; list at $68k implies a 372% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $62,335 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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: 2.05% ✓
• Cap rate: 18.63%
• Cash-on-cash: 44.08%
• DSCR: 2.96
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $94,848
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
925 W 1st Street #623	0.00mi	3/2.0	1,120 (-8%)	3mo	$87,000	$78	84

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: 41.0%
• Equity multiple: 2.76×
• Total profit: $33,748
• Equity at exit: $10,214

10-year hold

• IRR: 47.2%
• Equity multiple: 5.54×
• Total profit: $87,074
• Equity at exit: $5,923

Cash invested: $19,180 (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 81625

• Home prices YoY: -25.2%
• Active inventory: 188
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,401 medium
• Mortgage (P&I): −$359
• Tax from tax record: −$15 /mo · $175/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $705

Break-even live

Break-even rent $509

Max offer price $68,500

Occupancy floor 45%

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: $17,125
• Closing costs: $2,055
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $68,500 Active 99 DOM
2. 2026-06-18
   days on market $68,500 Active 98 DOM
3. 2026-06-17
   days on market $68,500 Active 97 DOM
4. 2026-06-16
   days on market $68,500 Active 96 DOM
5. 2026-06-15
   days on market $68,500 Active 95 DOM
6. 2026-06-14
   days on market $68,500 Active 93 DOM
7. 2026-06-12
   days on market $68,500 Active 92 DOM
8. 2026-06-09
   days on market $68,500 Active 89 DOM
9. 2026-06-08
   days on market $68,500 Active 88 DOM
10. 2026-06-07
    days on market $68,500 Active 87 DOM
11. 2026-06-05
    days on market $68,500 Active 84 DOM
12. 2026-06-03
    days on market $68,500 Active 83 DOM
13. 2026-06-03
    days on market $68,500 Active 82 DOM
14. 2026-06-01
    days on market $68,500 Active 81 DOM
15. 2026-05-31
    days on market $68,500 Active 80 DOM
16. 2026-05-30
    days on market $68,500 Active 79 DOM
17. 2026-04-07
    price $68,500
18. 2026-03-12
    listed $75,000 Active
19. 2007-03-28
    soldstatus $14,500 127-char remark

    Show marketing remark (127 chars)

    Great Potential! Appliances included. New furnance and new skirting. Needs some TLC but would make a great investment property.

ⓘ 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: $175 · $15/mo
• Projected year-2 tax: $377 · $31/mo
• Expected delta: +$202/yr (+$17/mo · 115.1%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X · 62% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥88°F today · 16 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: $16,813
• − Mortgage interest: −$3,837
• − Property taxes: −$175
• − Insurance: −$342
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$1,993
• Taxable income: $7,776
• Est. tax owed @ 24.0%: −$1,866
• After-tax cash flow: $6,588/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: Moffat County School District Re: No. 1
• NCES district ID: 0805730
• Math proficiency: 22% ▲ 3.00%
• Reading proficiency: 35% ▼ -3.00%
• Median HH income: $51,633
• Composite: 25.07/100
• National rank: #7539
• State rank: #53 of 86 in CO

Livability — Craig

• Score: 65/100
• State rank: #160
• US rank: #12817

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Craig, CO
• Population (ZIP): 12,242

Population outlook (Moffat County) Hauer SSP2

• Today (2025): 10,901 people
• By 2030: 9,922 · -9.0%
• By 2040: 8,081 · -25.9%
• By 2050: 6,460 · -40.7%
• By 2075: 3,896 · -64.3%
• By 2100: 2,620 · -76.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 14% Two or more races 10%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Slovak 4% Italian 3% Portuguese 2%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 9%

Political lean MEDSL · Moffat

• 2024 margin: Solid R (+62.8) · D 17.5% · R 80.3% · Other 2.2%
• 2008→2024 swing: -19.4pp toward R · 2008: -43.5pp · 2024: -62.8pp
• All cycles: 2024: R+62.8 2020: R+63.6 2016: R+67.9 2012: R+55.0 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.11%
• Current HPI: 284.444
• 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

+372.4% since first listed

3 events — show timeline

• 2026-04-07 Price Changed $68,500 AGMLS
• 2026-03-12 Listed $75,000 AGMLS
• 2007-03-28 Sold (MLS) $14,500 AGMLS

Property tax history

-1.1%/yr

Latest (2025): $175 · +101.9% YoY. Source: county tax records.