19570 E Highway 24 · Woodland Park, CO 80863

$65,000

1 bd · 1.0 ba · 1,024 sqft · Land · 120 Days on market

Built 1992 960 sqft lot

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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
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

What a great opportunity to own a home in Woodland Park! The interior features numerous upgrades that add comfort and style throughout. A cozy wood-burning fireplace will keep you warm on chilly mountain evenings. Enjoy outdoor living on the covered deck, and the fenced yard offers space for pets, gardening, or relaxation. Potential owner-carry terms may be available, making this an excellent opportunity for qualified buyers.

Key facts

• Covered deck
• Fenced yard
• 2 parking spots

Tags

• WOOD BURNING FIREPLACE
• COVERED DECK
• FENCED YARD

Property features AI

Finance

• Other: Owned by an agent-owner
• HOA & community: Located in Woodland Village Mobile Home Park; Land lease of $700 per month (lease expires June 24, 2027)

Exterior

• Parking: Two off-street parking spaces (2 total)
• Utilities: Public sewer
• Home design: Manufactured home located in a park; Faces southwest; Single-story/main-level living
• Construction: Wood siding; Shingle roof; Built as a manufactured home; Approximately 1,024 square feet of living area
• Exterior features: Dog run; Covered porch; Deck; Front porch

Interior

• Kitchen: Main-level kitchen (approx. 12 x 15)
• Bedrooms: One bedroom on the main level (approx. 12 x 15)
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Electric heating available; Wood heating with wood stove
• Interior features: Main-level layout; Covered front porch; Deck; Dog run
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath land listed at $65k.

Deal economics

• At list price, monthly cash flow is $982 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $59k (9.0% below list) — sets the bar for market timing.
• Cap rate 24.4% vs local median 3.5% in Woodland Park — 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 71/100 on livability (#78 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: commute F, cost of living F.
• Woodland Park School District No. Re-2 (town): math 28% / reading 47% proficiency, ranked #29 of 86 in CO (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gateway Elementary School (math 15% / reading 37%, grade F, #581 of 966 statewide, top 61%, 293 students, 36% FRL); Woodland Park Middle School (math 27% / reading 47%, grade F, #95 of 270 statewide, top 37%, 386 students, 34% FRL); Woodland Park High School (math 37% / reading 62%, grade D, #115 of 381 statewide, top 34%, 579 students, 33% FRL).
• Market conditions: Rents rising (+3.6%/yr); 245 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 148 units permitted in Teller County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Teller County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($59k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $59,150 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 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. 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: 2.79% ✓
• Cap rate: 24.42%
• Cash-on-cash: 64.74%
• DSCR: 3.88
• GRM: 3.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.64% rent growth · sell at horizon

5-year hold

• IRR: 64.6%
• Equity multiple: 3.92×
• Total profit: $53,205
• Equity at exit: $9,692

10-year hold

• IRR: 69.2%
• Equity multiple: 8.24×
• Total profit: $131,846
• Equity at exit: $5,620

Cash invested: $18,200 (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 80863

• Home prices YoY: -29.8%
• Rents YoY: 3.6%
• Active inventory: 245
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,811 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $982

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 41%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
704 Stone Park Ln Woodland Park, CO	1.0–3.0	1.0–2.0	1054	$2,089	$1.98	1d	8	0.85mi

Listing history 16 events

1. 2026-06-18
   days on market $65,000 Active 120 DOM
2. 2026-06-17
   days on market $65,000 Active 119 DOM
3. 2026-06-16
   days on market $65,000 Active 118 DOM
4. 2026-06-15
   days on market $65,000 Active 117 DOM
5. 2026-06-14
   days on market $65,000 Active 115 DOM
6. 2026-06-13
   days on market $65,000 Active 114 DOM
7. 2026-06-10
   days on market $65,000 Active 112 DOM
8. 2026-06-09
   days on market $65,000 Active 111 DOM
9. 2026-06-08
   days on market $65,000 Active 110 DOM
10. 2026-06-07
    days on market $65,000 Active 109 DOM
11. 2026-06-03
    days on market $65,000 Active 105 DOM
12. 2026-06-03
    days on market $65,000 Active 104 DOM
13. 2026-06-01
    days on market $65,000 Active 103 DOM
14. 2026-05-31
    days on market $65,000 Active 102 DOM
15. 2026-02-18
    listed $65,000 Active
16. 2007-02-27
    soldstatus $3,280,000

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 1/10 Low 10 d/yr ≥81°F today · 28 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,738
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$1,891
• Taxable income: $11,428
• Est. tax owed @ 24.0%: −$2,743
• After-tax cash flow: $9,040/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: Woodland Park School District No. Re-2
• NCES district ID: 0807380
• Math proficiency: 28% ▼ -3.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $63,920
• Composite: 33.68/100
• National rank: #5385
• State rank: #29 of 86 in CO

Livability — Woodland Park

• Score: 71/100
• State rank: #78
• US rank: #7181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodland Park, CO
• County: Teller County · 12,329 people
• City population: 12,329
• Metro: Colorado Springs, CO
• Population (ZIP): 12,329
• Household income: $104,779
• Rent vs Own: 22.1% rent · 77.9% own
• Severe rent burden: 418.0

Population outlook (Teller County) Hauer SSP2

• Today (2025): 22,404 people
• By 2030: 21,527 · -3.9%
• By 2040: 19,356 · -13.6%
• By 2050: 17,462 · -22.1%
• By 2075: 14,658 · -34.6%
• By 2100: 11,982 · -46.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 10% Hispanic / Latino 5% Black 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 4% Lithuanian 3% Italian 3%
• Foreign-born: 3% · South Korea
• Languages at home: 97% English-only · Spanish 1% German/W. Germanic 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Teller

• 2024 margin: Solid R (+35.5) · D 31.0% · R 66.5% · Other 2.5%
• 2008→2024 swing: -7.3pp toward R · 2008: -28.1pp · 2024: -35.5pp
• All cycles: 2024: R+35.5 2020: R+35.2 2016: R+42.5 2012: R+33.1 2008: R+28.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -129.47%
• Current HPI: 304.4625
• Rent YoY: ▲ 3.64%
• 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

Price history

-98.0% since first listed

2 events — show timeline

• 2026-02-18 Listed $65,000 REColorado as Distributed by MLS Grid
• 2007-02-27 Sold (Public Records) $3,280,000 Public Records

Property tax history

+11.0%/yr

Latest (2022): $58 · -2.2% YoY. Source: county tax records.