Galaxy Plan · Colorado Springs, CO 80906

$52,900

3 bd · 2.0 ba · 960 sqft · Manufactured · 42 Days on market

Fair condition

---

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
• Livability +3.9/5.0
• Rent growth +2.4/5.0
• Condition / age +2.2/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

This 2000 GALAXY home at Circle Drive in Colorado Springs, CO is ready for a new life. With 960 square feet, 3 bedrooms, and 2 bathrooms, this single-wide home offers a practical layout and a great opportunity for a buyer ready to take on a fixer-upper project.

Key facts

• Listed 42 days

Property features AI

Finance

• Financial info: List price provided

Exterior

• Utilities: Has heating
• Home design: Single-story plan
• Construction: Living area approximately 960 (interior space)
• Exterior features: Metal roof

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms
• Heating & cooling: Forced air heating; Other heating
• Interior features: Plan: Galaxy

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $53k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $53k).
• Recommended offer: $51k (3.0% below list) — sets the bar for market timing.
• Cap rate 29.6% vs local median 3.3% in Colorado Springs — 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 78/100 on livability (#23 in CO, #2,639 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, housing A+, health & safety A+; Watch: cost of living C-, crime F.
• Harrison School District No. 2 In The County Of El Paso An (urban): math 16% / reading 35% proficiency, ranked #67 of 86 in CO (top 78%) — 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.
• Market conditions: Rents soft (-0.4%/yr); 300 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,906 units permitted in El Paso County in 2024 (872 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $366 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• El Paso County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($51k) is reasonable based on typical stale-listing flexibility.

Recommended offer $51,313 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 3.33% ✓
• Cap rate: 29.55%
• Cash-on-cash: 83.06%
• DSCR: 4.70
• GRM: 2.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 80.0%
• Equity multiple: 4.48×
• Total profit: $51,594
• Equity at exit: $7,888

10-year hold

• IRR: 82.7%
• Equity multiple: 8.37×
• Total profit: $109,180
• Equity at exit: $4,574

Cash invested: $14,812 (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 80906

• Rents YoY: -0.4%
• Active inventory: 300
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,761 high
• Mortgage (P&I): −$277
• Tax est. 1.5%: −$66 /mo · $794/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $1,025

Break-even live

Break-even rent $463

Max offer price $52,900

Occupancy floor 37%

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: $13,225
• Closing costs: $1,587
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2115 Birmingham Loop Colorado Springs, CO	1.0–3.0	1.0–2.0	923	$2,382	$2.58	2d	24	0.48mi
1836 Ralphs Rdg Colorado Springs, CO	1.0–2.0	1.0–2.0	702	$1,566	$2.23	2d	10	0.61mi
1316 Harrison Rd Colorado Springs, CO	3.0	1.0	894	$1,595	$1.78	21d	1	0.63mi
1535 Monterey Rd #230 Colorado Springs, CO	2.0	1.0	1008	$1,550	$1.54	23d	1	0.79mi
2218 Carmel Dr Colorado Springs, CO	3.0	1.0	1000	$1,950	$1.95	23d	1	0.79mi
2049 Legacy Ridge Vw Colorado Springs, CO	2.0	1.0	944	$1,335	$1.41	14d	1	0.82mi
1810 Eldorado Springs Hts Colorado Springs, CO	1.0–3.0	1.0–2.0	1081	$3,145	$2.91	2d	14	0.85mi
2010 Carmel Dr Colorado Springs, CO	1.0–2.0	1.0	701	$850	$1.21	10d	4	0.88mi
2050 Del Mar Dr Colorado Springs, CO	3.0	1.0	912	$2,095	$2.30	23d	1	0.89mi
2874 Carmel Cir Colorado Springs, CO	4.0	1.0	1117	$1,995	$1.79	2d	1	0.97mi
1806 Monterey Rd Ste Off Colorado Springs, CO	2.0	1.0	661	$1,169	$1.77	2d	20	0.98mi
1751 Shenandoah Dr Colorado Springs, CO	2.0	1.5	960	$1,015	$1.06	23d	1	1.05mi
916 Tenderfoot Hill Rd Colorado Springs, CO	2.0	2.0	908	$1,822	$2.01	14d	1	1.08mi
848 Tenderfoot Hill Rd Colorado Springs, CO	2.0	2.0	908	$1,395	$1.54	23d	1	1.16mi
814 Tenderfoot Hill Rd #201 Colorado Springs, CO	2.0	2.0	908	$1,295	$1.43	2d	1	1.17mi
2005 S El Paso Ave Colorado Springs, CO	2.0	1.0	570	$1,260	$2.21	2d	9	1.18mi
2335 CoralBell Grv Colorado Springs, CO	1.0–3.0	1.0–2.0	997	$2,498	$2.50	23d	34	1.28mi
2335 CoralBell Grv Colorado Springs, CO	2.0–3.0	1.0–2.0	1004	$2,195	$2.19	2d	7	1.28mi
945 Moorings Dr Colorado Springs, CO	2.0	2.0	984	$1,712	$1.74	23d	1	1.29mi
2605 Verde Dr Colorado Springs, CO	1.0–2.0	1.0	722	$1,190	$1.65	2d	15	1.30mi
3308 Quail Lake Rd Colorado Springs, CO	1.0–2.0	1.0–2.0	943	$1,909	$2.02	2d	1	1.32mi
1698 Lenmar Dr Colorado Springs, CO	1.0–3.0	1.0	700	$1,702	$2.43	2d	26	1.33mi
750 E Cheyenne Rd Colorado Springs, CO	1.0–2.0	1.0	610	$1,175	$1.93	23d	5	1.38mi
1117 Verde Dr Colorado Springs, CO	2.0	1.0	714	$1,065	$1.49	2d	18	1.39mi
2730 Bentley Pt Colorado Springs, CO	1.0–2.0	1.0–2.0	715	$1,111	$1.55	23d	8	1.40mi
1026 Rice Dr Colorado Springs, CO	3.0	1.0	640	$1,581	$2.47	10d	27	1.41mi
2610 E Fountain Blvd Colorado Springs, CO	1.0–2.0	1.0	767	$1,099	$1.43	3d	5	1.47mi
890 Quail Lake Cir Colorado Springs, CO	1.0–3.0	1.0–2.0	1147	$2,070	$1.80	2d	21	1.48mi
2614 E Fountain Blvd Colorado Springs, CO	2.0	1.0	875	$1,062	$1.21	23d	1	1.48mi

Listing history 15 events

1. 2026-06-18
   days on market $52,900 Active 42 DOM
2. 2026-06-17
   days on market $52,900 Active 41 DOM
3. 2026-06-16
   days on market $52,900 Active 40 DOM
4. 2026-06-15
   days on market $52,900 Active 39 DOM
5. 2026-06-14
   days on market $52,900 Active 37 DOM
6. 2026-06-13
   days on market $52,900 Active 36 DOM
7. 2026-06-10
   days on market $52,900 Active 34 DOM
8. 2026-06-09
   days on market $52,900 Active 33 DOM
9. 2026-06-08
   days on market $52,900 Active 32 DOM
10. 2026-06-07
    days on market $52,900 Active 31 DOM
11. 2026-06-05
    days on market $52,900 Active 28 DOM
12. 2026-06-03
    days on market $52,900 Active 27 DOM
13. 2026-06-03
    days on market $52,900 Active 26 DOM
14. 2026-06-01
    days on market $52,900 Active 25 DOM
15. 2026-05-31
    days on market $52,900 Active 24 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 4/10 Moderate FEMA zone X (shaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,127
• − Mortgage interest: −$2,963
• − Property taxes: −$794
• − Insurance: −$264
• − Repairs & maintenance: −$1,690
• − Management: −$1,690
• − Depreciation: −$1,539
• Taxable income: $12,186
• Est. tax owed @ 24.0%: −$2,925
• After-tax cash flow: $9,378/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab

This 2000 GALAXY home in Colorado Springs, CO is a fixer-upper project with moderate rehabilitation needs. The kitchen and bathrooms require significant updates, while the exterior and landscaping could benefit from improvements. With proper renovations, this home has the potential to increase both its resale and rental value.

Repairs flagged

• Major Kitchen cabinets — Significant wear and tear, likely requiring replacement.
• Major Kitchen countertops — Stained and worn, likely requiring replacement.
• Major Bathroom fixtures — Worn and outdated, likely requiring replacement.
• Moderate Exterior siding — Weathered and could benefit from repainting.
• Major Flooring — Stained and worn, likely requiring replacement.
• Major Paint — Chipped and worn in some areas, likely requiring repainting.
• Moderate Windows — Could benefit from new caulking and weatherstripping.
• Minor HVAC system — No visible damage, but could benefit from cleaning and maintenance.
• Major Landscaping — Overgrown and could benefit from trimming and planting new shrubs or flowers.

Value-add opportunities

• Both Replace worn kitchen cabinets and countertops — Modernizing the kitchen will improve both resale and rental value.
• Both Replace worn bathroom fixtures — Updating the bathrooms will improve both resale and rental value.
• Both Repaint exterior siding — Repainting the exterior will improve curb appeal and increase both resale and rental value.
• Both Replace worn flooring — Replacing the worn flooring will improve both resale and rental value.
• Both Repaint interior walls — Repainting the interior walls will improve curb appeal and increase both resale and rental value.
• Both Replace worn windows with new caulking and weatherstripping — Updating the windows will improve curb appeal and increase both resale and rental value.
• Both Trim and plant new shrubs or flowers in landscaping — Improving the landscaping will increase curb appeal and increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Significant wear and tear, likely requiring replacement.	Major	$15,000–50,000
Kitchen countertops · Stained and worn, likely requiring replacement.	Major	$15,000–50,000
Bathroom fixtures · Worn and outdated, likely requiring replacement.	Major	$15,000–50,000
Exterior siding · Weathered and could benefit from repainting.	Moderate	$3,000–15,000
Flooring · Stained and worn, likely requiring replacement.	Major	$15,000–50,000
Paint · Chipped and worn in some areas, likely requiring repainting.	Major	$15,000–50,000
Windows · Could benefit from new caulking and weatherstripping.	Moderate	$3,000–15,000
HVAC system · No visible damage, but could benefit from cleaning and maintenance.	Minor	$500–3,000
Landscaping · Overgrown and could benefit from trimming and planting new shrubs or flowers.	Major	$15,000–50,000
Total estimated repair cost · 9 items		$96,500–333,000

Value-add ROI direction

• Both Replace worn kitchen cabinets and countertops — Modernizing the kitchen will improve both resale and rental value. ↑
• Both Replace worn bathroom fixtures — Updating the bathrooms will improve both resale and rental value. ↑
• Both Repaint exterior siding — Repainting the exterior will improve curb appeal and increase both resale and rental value. ↑
• Both Replace worn flooring — Replacing the worn flooring will improve both resale and rental value. ↑
• Both Repaint interior walls — Repainting the interior walls will improve curb appeal and increase both resale and rental value. ↑
• Both Replace worn windows with new caulking and weatherstripping — Updating the windows will improve curb appeal and increase both resale and rental value. ↑
• Both Trim and plant new shrubs or flowers in landscaping — Improving the landscaping will increase curb appeal and increase both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Harrison School District No. 2 In The County Of El Paso An
• NCES district ID: 0804530
• Math proficiency: 16% ▼ -13.00%
• Reading proficiency: 35% ▼ -7.00%
• Median HH income: $40,242
• Composite: 21.47/100
• National rank: #8333
• State rank: #67 of 86 in CO

Livability — Colorado Springs

• Score: 78/100
• State rank: #23
• US rank: #2639

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: El Paso County · 689,348 people
• City population: 555,783
• Metro: Colorado Springs, CO
• Population (ZIP): 37,502
• Household income: $89,984
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 1572.0

Population outlook (El Paso County) Hauer SSP2

• Today (2025): 768,926 people
• By 2030: 815,739 · +6.1%
• By 2040: 903,489 · +17.5%
• By 2050: 981,204 · +27.6%
• By 2075: 1,155,542 · +50.3%
• By 2100: 1,202,070 · +56.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 18% Two or more races 11% Black 4% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 2%
• Common ancestry: Italian 3% Romanian 3% Slovak 3%
• Foreign-born: 7% · Canada, South Korea, Vietnam
• Languages at home: 89% English-only · Spanish 6% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · El Paso

• 2024 margin: Lean R (+9.8) · D 43.8% · R 53.5% · Other 2.7%
• 2008→2024 swing: +9.0pp toward D · 2008: -18.8pp · 2024: -9.8pp
• All cycles: 2024: R+9.8 2020: R+10.8 2016: R+22.6 2012: R+21.4 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -272.61%
• Current HPI: 248.2125
• Rent YoY: ▼ -0.43%
• Metro: Colorado Springs, 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