901 6530 Rd #1504 · Montrose, CO 81401

$172,000

3 bd · 2.0 ba · 1,188 sqft · Manufactured public records · 216 Days on market

Built 2022 Est $135k · 27% over ↓ 7% since listing

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Why this score? — see what drove the C- 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 +26.8/30.0
• DSCR +9.2/10.0
• 1% rule +6.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Very nice and modern New Home in the well established subdivision of Cimarron Creek. It features 3 bedrooms, 2 baths and an open floorplan with a beautiful electric fireplace in the living room and a walk-in shower in the main bedroom that can be purchased fully furnished. The home also comes with a One Year Warranty. The community offers access to all amenities i. e. Walk Paths, Basketball Court, Enclosed Playground, 2 Dog Parks, Community Garden and the Community Center for resident events. The Seller is also offering Owner Carry for qualified Buyers.

Key facts

• Modern home
• Community center
• Open floorplan

Tags

• MODERN HOME
• OPEN FLOORPLAN
• ELECTRIC FIREPLACE
• WALK-IN SHOWER
• COMMUNITY GARDEN
• COMMUNITY CENTER

Property features AI

Finance

• HOA & community: Cimarron Creek homeowners association; Community playground; Community park

Exterior

• Utilities: Public water; Public sewer; Electricity available; Natural gas available; High speed internet available; Cellular phone reception
• Home design: Single-story; Double wide mobile home; Residential single family use
• Construction: Masonite exterior; Composition roof; Skirt foundation
• Exterior features: Covered porch; Porch; Shed

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Flooring: Laminate
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Natural gas forced air heating; Has heating
• Interior features: Ceiling fan(s); Walk-in closet(s); Unfurnished
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $172k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $172k).
• Recommended offer: $151k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 1.9% in Montrose — 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 68/100 on livability (#109 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+; Watch: amenities C-, employment D+, commute F.
• Montrose County School District Re-1J (town): math 22% / reading 36% proficiency, ranked #55 of 86 in CO (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Johnson Elementary School (math 22% / reading 27%, grade F, #606 of 966 statewide, top 65%, 529 students, 63% FRL); Centennial Middle School (math 21% / reading 37%, grade F, #138 of 270 statewide, top 52%, 582 students, 52% FRL); Montrose High School (math 27% / reading 56%, grade F, #163 of 381 statewide, top 43%, 1,261 students, 40% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 376 active listings in the ZIP; 271 units permitted in Montrose County in 2024 (22 in 5+ unit buildings).
• This rent runs 32% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Montrose County population projected at -25% 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 $48k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 216 days — a 12% lower offer ($151k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $151,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 216 days. Have you received any prior offers? Is the seller open to a 12% 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. 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.
6. 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.
7. 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: 1.10% ✓
• Cap rate: 9.57%
• Cash-on-cash: 11.69%
• DSCR: 1.52
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $135,432
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
901 6530 Rd #4101	0.00mi	3/2.0	1,216 (+2%)	5mo	$80,000	$66	92
901 6530 Rd #1312	0.00mi	2/2.0 (-1)	1,188 (0%)	4mo	$161,000	$136	92
901 6530 Rd #2813	0.00mi	2/2.0 (-1)	1,190 (+0%)	4mo	$137,500	$116	91
901 6530 Rd #1603	0.00mi	3/2.0	1,178 (-1%)	10mo	$159,000	$135	91
901 6530 Rd #1404	0.00mi	3/2.0	1,216 (+2%)	7mo	$123,000	$101	90
901 6530 Rd #2802	0.00mi	3/2.0	1,140 (-4%)	5mo	$119,900	$105	89
901 6530 Rd #2803	0.00mi	3/2.0	1,140 (-4%)	10mo	$130,000	$114	85
901 6530 Rd #1106	0.00mi	2/2.0 (-1)	1,149 (-3%)	6mo	$85,000	$74	84
901 6530 Rd #1206	0.00mi	3/2.0	1,296 (+9%)	8mo	$90,000	$69	78
901 6530 Rd #1405	0.13mi	3/2.0	1,344 (+13%)	2mo	$155,000	$115	71
901 6530 Rd #4115	0.00mi	3/2.0	1,344 (+13%)	10mo	$120,000	$89	70
1367 Corral Dr	0.47mi	3/2.0	1,269 (+7%)	8mo	$340,000	$268	61

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: 1.1%
• Equity multiple: 1.04×
• Total profit: $1,948
• Equity at exit: $25,646

10-year hold

• IRR: 10.7%
• Equity multiple: 1.83×
• Total profit: $39,900
• Equity at exit: $14,871

Cash invested: $48,160 (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 81401

• Active inventory: 376
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,896 medium
• Mortgage (P&I): −$902
• Tax from tax record: −$55 /mo · $656/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $469

Break-even live

Break-even rent $1,302

Max offer price $172,000

Occupancy floor 70%

Sensitivity live

Price	-10% $567	-5% $518	+0% $469	+5% $421	+10% $372
Rent	-10% $320	-5% $394	+0% $469	+5% $544	+10% $619
Rate	-1.0pp $556	-0.5pp $513	base $469	+0.5pp $425	+1.0pp $379

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: $43,000
• Closing costs: $5,160
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-22
   days on market $172,000 Active 216 DOM
2. 2026-06-21
   days on market $172,000 Active 215 DOM
3. 2026-06-19
   days on market $172,000 Active 213 DOM
4. 2026-06-18
   days on market $172,000 Active 212 DOM
5. 2026-06-17
   days on market $172,000 Active 211 DOM
6. 2026-06-16
   days on market $172,000 Active 210 DOM
7. 2026-06-15
   days on market $172,000 Active 209 DOM
8. 2026-06-14
   days on market $172,000 Active 207 DOM
9. 2026-06-12
   days on market $172,000 Active 206 DOM
10. 2026-06-09
    days on market $172,000 Active 203 DOM
11. 2026-06-08
    days on market $172,000 Active 202 DOM
12. 2026-06-07
    days on market $172,000 Active 201 DOM
13. 2026-06-02
    days on market $172,000 Active 196 DOM
14. 2026-06-01
    days on market $172,000 Active 195 DOM
15. 2026-05-31
    days on market $172,000 Active 194 DOM
16. 2026-05-30
    days on market $172,000 Active 193 DOM
17. 2025-11-18
    listed $172,000 Active
18. 2025-11-10
    historical
19. 2025-07-11
    price $175,000
20. 2025-03-20
    listed $185,000 Active

ⓘ 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: $656 · $55/mo
• Projected year-2 tax: $946 · $79/mo
• Expected delta: +$290/yr (+$24/mo · 44.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥91°F today · 18 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: $22,749
• − Mortgage interest: −$9,635
• − Property taxes: −$656
• − Insurance: −$860
• − Repairs & maintenance: −$1,820
• − Management: −$1,820
• − Depreciation: −$5,004
• Taxable income: $2,954
• Est. tax owed @ 24.0%: −$709
• After-tax cash flow: $4,922/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: Montrose County School District Re-1J
• NCES district ID: 0805790
• Math proficiency: 22% ▼ -5.00%
• Reading proficiency: 36% ▼ -7.00%
• Median HH income: $45,650
• Composite: 24.9/100
• National rank: #7577
• State rank: #55 of 86 in CO

Livability — Montrose

• Score: 68/100
• State rank: #109
• US rank: #9310

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montrose, CO
• County: Montrose County · 24,228 people
• City population: 24,228
• Metro: Montrose, CO
• Population (ZIP): 24,228
• Household income: $71,286
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 682.0

Population outlook (Montrose County) Hauer SSP2

• Today (2025): 39,229 people
• By 2030: 37,791 · -3.7%
• By 2040: 33,829 · -13.8%
• By 2050: 29,530 · -24.7%
• By 2075: 20,559 · -47.6%
• By 2100: 12,144 · -69.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 13% Native American 1%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Slovak 4% Romanian 3% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 86% English-only · Spanish 11% Other Indo-European 1%

Political lean MEDSL · Montrose

• 2024 margin: Solid R (+32.6) · D 32.6% · R 65.2% · Other 2.2%
• 2008→2024 swing: -2.8pp toward R · 2008: -29.8pp · 2024: -32.6pp
• All cycles: 2024: R+32.6 2020: R+36.5 2016: R+42.1 2012: R+36.4 2008: R+29.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -210.94%
• Current HPI: 373.4909
• Rent YoY: —
• Metro: Montrose, 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

-7.0% since first listed

4 events — show timeline

• 2025-11-18 Listed $172,000 cren
• 2025-11-10 Listing Removed — cren
• 2025-07-11 Price Changed $175,000 cren
• 2025-03-20 Listed $185,000 cren

Property tax history

+56.3%/yr

Latest (2025): $656 · +133.5% YoY. Source: county tax records.