214 Short · Ordway, CO 81063

$69,900

2 bd · 1.0 ba · 1,123 sqft · SingleFamily public records · 104 Days on market

Built 1910 0.39 ac lot Est $139k · 50% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +3.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

This property needs a little remodeling as drywall has been striped in two rooms so they are ready for new electrical and insulation. There is adequate room for a family and it is on a large corner lot that provides room to add on or place storage shed(s). There is a former garage area attached which is being used as for shop and storage. The bathroom needs completely remodeled and the property needs a new heating unit to make it livable again.

Key facts

• 0.39 acre lot
• Garage
• Built 1910

Property features AI

Exterior

• Parking: One garage space (1 parking total)
• Utilities: Electricity connected; Public sewer
• Home design: Single-family house; Two levels; Unattached property
• Construction: Frame construction; Composition roof; Built area approximately 1,123 (above-grade finished area 1,123)
• Exterior features: Lot approximately 0.39 acres

Interior

• Kitchen: Kitchen included (9 x 10)
• Bedrooms: Three bedrooms total — two on the main level (10 x 17 and 11 x 16) and one on the upper level (13 x 23)
• Bathrooms: One full bathroom (8 x 5) on the main level
• Heating & cooling: Radiant heating
• Interior features: Living room (13 x 20); Kitchen (9 x 10)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $457 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#233 in CO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Crowley County School District No. Re-1-J (rural): math 16% / reading 28% proficiency, ranked #150 of 176 in CO (top 85%) — 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.
• Zoned schools: Crowley County Elementary K-6 (math 15% / reading 37%, grade F, #581 of 966 statewide, top 61%, 191 students, 65% FRL); Crowley County Junior And Senior High School (math 15% / reading 32%, grade F, #304 of 381 statewide, top 80%, 188 students, 62% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: 29 active listings in the ZIP; 4 units permitted in Crowley County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.4%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Crowley County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-2.4% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y ago 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.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.62% ✓
• Cap rate: 14.14%
• Cash-on-cash: 28.04%
• DSCR: 2.25
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $139,252
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
229 Sherman Ave	0.25mi	2/1.0	1,260 (+12%)	1mo	$167,000	$133	68
508 Idaho Ave	0.29mi	2/1.0	1,045 (-7%)	18mo	$104,000	$100	60
431 Lincoln Ave	0.51mi	3/1.0 (+1)	1,148 (+2%)	17mo	$165,000	$144	54
329 Idaho Ave	0.21mi	3/2.0 (+1)	1,056 (-6%)	24mo	$103,150	$98	52
220 Lake Ave	0.14mi	3/2.0 (+1)	1,224 (+9%)	23mo	$102,000	$83	51
322 Main St	0.35mi	3/1.0 (+1)	968 (-14%)	12mo	$125,000	$129	45
122 Otero	0.58mi	3/1.0 (+1)	1,246 (+11%)	9mo	$155,000	$124	42
616 Otero	0.67mi	3/1.0 (+1)	1,000 (-11%)	19mo	$124,000	$124	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-2.42% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.4%
• Equity multiple: 2.00×
• Total profit: $19,485
• Equity at exit: $12,230

10-year hold

• IRR: 30.6%
• Equity multiple: 3.86×
• Total profit: $55,904
• Equity at exit: $9,194

Cash invested: $19,572 (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 81063

• Home prices YoY: -1.1%
• Active inventory: 29
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,130 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$40 /mo · $480/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $457

Break-even live

Break-even rent $552

Max offer price $69,900

Occupancy floor 55%

Sensitivity live

Price	-10% $497	-5% $477	+0% $457	+5% $438	+10% $418
Rent	-10% $368	-5% $413	+0% $457	+5% $502	+10% $547
Rate	-1.0pp $492	-0.5pp $475	base $457	+0.5pp $439	+1.0pp $421

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $69,900 Active 104 DOM
2. 2026-06-18
   days on market $69,900 Active 103 DOM
3. 2026-06-17
   days on market $69,900 Active 102 DOM
4. 2026-06-16
   days on market $69,900 Active 101 DOM
5. 2026-06-15
   days on market $69,900 Active 100 DOM
6. 2026-06-13
   days on market $69,900 Active 98 DOM
7. 2026-06-12
   days on market $69,900 Active 97 DOM
8. 2026-06-09
   days on market $69,900 Active 94 DOM
9. 2026-06-08
   days on market $69,900 Active 93 DOM
10. 2026-06-07
    days on market $69,900 Active 92 DOM
11. 2026-06-04
    days on market $69,900 Active 88 DOM
12. 2026-06-02
    days on market $69,900 Active 87 DOM
13. 2026-06-01
    days on market $69,900 Active 86 DOM
14. 2026-05-31
    days on market $69,900 Active 85 DOM
15. 2026-05-31
    days on market $69,900 Active 84 DOM
16. 2026-03-07
    listed $69,900 Active 451-char remark

    Show marketing remark (451 chars)

    This property needs a little remodeling as drywall has been striped in two rooms so they are ready for new electrical and insulation. There is adequate room for a family and it is on a large corner lot that provides room to add on or place storage shed(s). There is a former garage area attached which is being used as for shop and storage. The bathroom needs completely remodeled and the property needs a new heating unit to make it livable again.

17. 2026-03-07
    listed $69,900 Active 451-char remark

    Show marketing remark (451 chars)

    This property needs a little remodeling as drywall has been striped in two rooms so they are ready for new electrical and insulation. There is adequate room for a family and it is on a large corner lot that provides room to add on or place storage shed(s). There is a former garage area attached which is being used as for shop and storage. The bathroom needs completely remodeled and the property needs a new heating unit to make it livable again.

18. 2026-01-30
    status Active 330-char remark

    Show marketing remark (330 chars)

    This property needs a little love and remodeling, but could be nice rental or home for your family. It is on a large corner lot that provides room to expand. Existing appliances may still work, but Seller has no personal knowledge of their condition. Come and take a look at the possibilities and see if it could meet your needs.

19. 2026-01-30
    price $69,900 330-char remark

    Show marketing remark (330 chars)

    This property needs a little love and remodeling, but could be nice rental or home for your family. It is on a large corner lot that provides room to expand. Existing appliances may still work, but Seller has no personal knowledge of their condition. Come and take a look at the possibilities and see if it could meet your needs.

20. 2025-06-26
    listed $85,000 Active 330-char remark

    Show marketing remark (330 chars)

    This property needs a little love and remodeling, but could be nice rental or home for your family. It is on a large corner lot that provides room to expand. Existing appliances may still work, but Seller has no personal knowledge of their condition. Come and take a look at the possibilities and see if it could meet your needs.

21. 2022-08-12
    soldstatus $65,000
22. 2022-08-10
    soldstatus $65,000
23. 2022-05-03
    listed $62,000
24. 2011-04-08
    listed $24,500

ⓘ 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: $480 · $40/mo
• Projected year-2 tax: $480 · $40/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $13,564
• − Mortgage interest: −$3,915
• − Property taxes: −$480
• − Insurance: −$350
• − Repairs & maintenance: −$1,085
• − Management: −$1,085
• − Depreciation: −$2,033
• Taxable income: $4,616
• Est. tax owed @ 24.0%: −$1,108
• After-tax cash flow: $4,380/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: Crowley County School District No. Re-1-J
• NCES district ID: 0803210
• Math proficiency: 16% ▼ -10.00%
• Reading proficiency: 28% ▼ -12.00%
• Median HH income: $35,031
• Composite: 21.28/100
• National rank: #13663
• State rank: #150 of 176 in CO

Livability — Ordway

• Score: 61/100
• State rank: #233
• US rank: #18425

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ordway, CO
• Population (ZIP): 3,060

Population outlook (Crowley County) Hauer SSP2

• Today (2025): 5,612 people
• By 2030: 5,725 · +2.0%
• By 2040: 6,092 · +8.6%
• By 2050: 6,391 · +13.9%
• By 2075: 6,250 · +11.4%
• By 2100: 5,349 · -4.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 28% Two or more races 18% Black 7% Native American 6%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Serbian 3% Portuguese 2% Iranian 1%
• Foreign-born: 2% · Vietnam, Canada
• Languages at home: 91% English-only · Spanish 8% Vietnamese 1%

Political lean MEDSL · Crowley

• 2024 margin: Solid R (+47.4) · D 24.7% · R 72.2% · Other 3.1%
• 2008→2024 swing: -20.2pp toward R · 2008: -27.2pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+47.7 2016: R+48.5 2012: R+25.9 2008: R+27.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.42%
• Current HPI: 211.1097
• 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

+185.3% since first listed

9 events — show timeline

• 2026-03-07 Listed $69,900 REColorado as Distributed by MLS Grid
• 2026-03-07 Listed $69,900 IRES
• 2026-01-30 Relisted — PARMLS
• 2026-01-30 Price Changed $69,900 PARMLS
• 2025-06-26 Listed $85,000 PARMLS
• 2022-08-12 Sold (MLS) $65,000 PARMLS
• 2022-08-10 Sold (Public Records) $65,000 Public Records
• 2022-05-03 Listed $62,000 PARMLS
• 2011-04-08 Listed $24,500 PARMLS

Property tax history

+7.1%/yr

Latest (2025): $480 · +377.7% YoY. Source: county tax records.