4105 N Garfield Ave · Loveland, CO 80538

$64,900

2 bd · 2.0 ba · 1,056 sqft · Land · 153 Days on market

Built 1995 1,056 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 +3.7/5.0
• Schools +3.4/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 2-bath home in Loveland with an open and airy feel. The spacious kitchen is a standout feature, boasting new countertops and recently installed cabinetry, providing both style and functionality. With a thoughtful layout and comfortable living spaces, this home offers a great opportunity to enjoy easy living in a convenient location.

Key facts

• Large deck
• Laminate flooring
• New exterior paint

Tags

• CORNER LOT
• LAMINATE FLOORING
• NEW CLOSET DOORS
• NEW EXTERIOR PAINT
• LARGE DECK
• WOOD SIDING

Property features AI

Finance

• HOA & community: Located in Loveland Plaza mobile home park; Land lease: $1,117 monthly

Exterior

• Parking: Off-street parking (park setting)
• Utilities: Public water; Public sewer
• Home design: Manufactured home in park; Individual ownership; Single-story (main level layout)
• Construction: Frame construction; Metal roof; Wood skirting; Mobile dimensions: 66' x 16'
• Exterior features: Deck; Partial fencing; Corner, level lot; Paved road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Eat-in kitchen
• Bedrooms: 2 bedrooms (both on the main level); Primary suite
• Flooring: Laminate flooring throughout
• Bathrooms: 2 full bathrooms (both on the main level); Primary suite bathroom
• Heating & cooling: Forced air heating (natural gas); Evaporative cooling
• Interior features: Ceiling fans; Eat-in kitchen; Open floorplan; Window coverings
• Laundry & utility: Washer; Dryer; Main-level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $65k.

Deal economics

• At list price, monthly cash flow is $926 ($11k/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: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.4% vs local median 2.9% in Loveland — 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 73/100 on livability (#52 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities A; Watch: crime C-, commute F, cost of living F.
• Thompson School District R-2J (suburban): math 28% / reading 48% proficiency, ranked #28 of 86 in CO (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Laurene Edmondson Elementary School (math 10% / reading 34%, grade F, #651 of 966 statewide, top 68%, 261 students, 56% FRL); Lucile Erwin Middle School (math 18% / reading 35%, grade F, #160 of 270 statewide, top 60%, 712 students, 36% FRL); Loveland High School (math 35% / reading 71%, grade C-, #88 of 381 statewide, top 23%, 1,525 students, 28% FRL).
• Market conditions: Rents rising (+3.1%/yr); 436 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,786 units permitted in Larimer County in 2024 (402 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.
• Larimer County population projected at +51% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.1% 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 153 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 26y 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

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

Recommended offer $57,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 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. 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: 2.68% ✓
• Cap rate: 23.41%
• Cash-on-cash: 61.13%
• DSCR: 3.72
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.11% rent growth · sell at horizon

5-year hold

• IRR: 60.1%
• Equity multiple: 3.68×
• Total profit: $48,657
• Equity at exit: $9,677

10-year hold

• IRR: 64.8%
• Equity multiple: 7.56×
• Total profit: $119,183
• Equity at exit: $5,611

Cash invested: $18,172 (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 80538

• Rents YoY: 3.1%
• Active inventory: 436
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,739 high
• Mortgage (P&I): −$340
• Tax est. 1.5%: −$81 /mo · $974/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $926

Break-even live

Break-even rent $568

Max offer price $64,900

Occupancy floor 42%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
171 E 42nd St Loveland, CO	1.0	1.5	889	$1,900	$2.14	23d	1	0.28mi
4830 N Grant Ave Loveland, CO	1.0–3.0	1.0–2.0	866	$1,662	$1.92	23d	1	0.44mi
4832 Basswood Dr Unit 4838 Loveland, CO	2.0	1.0	936	$1,300	$1.39	23d	1	0.47mi
4838 Basswood Dr Loveland, CO	2.0	1.0	936	$1,433	$1.53	23d	1	0.47mi
4885 Basswood Dr Loveland, CO	2.0	2.0	894	$1,595	$1.78	23d	1	0.50mi
3492 Butternut Dr Loveland, CO	2.0	1.0	850	$1,299	$1.53	23d	1	0.52mi
4927 Basswood Dr Loveland, CO	2.0	1.0	900	$1,695	$1.88	13d	1	0.56mi
4952 Basswood Dr Loveland, CO	2.0	1.0	930	$1,619	$1.74	13d	1	0.60mi
4950 Basswood Dr Unit 4952 Loveland, CO	2.0	1.0	930	$1,495	$1.61	13d	1	0.60mi
1375 W 45th St Loveland, CO	3.0	2.0	1221	$2,480	$2.03	23d	1	0.84mi
820 W 30th St Loveland, CO	3.0	1.0	1176	$2,000	$1.70	23d	1	0.95mi
1650 Oak Creek Dr Loveland, CO	2.0	1.5	1072	$1,985	$1.85	13d	1	1.04mi
1404 Caddoa Dr Loveland, CO	2.0	1.0	870	$1,595	$1.83	23d	1	1.04mi
1691 Oak Creek Dr Loveland, CO	2.0	2.5	1152	$1,850	$1.61	21d	1	1.05mi
574 E 23rd St Loveland, CO	2.0	1.0	956	$1,250	$1.31	23d	5	1.47mi

Listing history 50 events

1. 2026-06-18
   days on market $64,900 Active 153 DOM
2. 2026-06-17
   days on market $64,900 Active 152 DOM
3. 2026-06-16
   days on market $64,900 Active 151 DOM
4. 2026-06-15
   days on market $64,900 Active 150 DOM
5. 2026-06-14
   days on market $64,900 Active 148 DOM
6. 2026-06-13
   days on market $64,900 Active 147 DOM
7. 2026-06-10
   days on market $64,900 Active 145 DOM
8. 2026-06-09
   days on market $64,900 Active 144 DOM
9. 2026-06-08
   days on market $64,900 Active 143 DOM
10. 2026-06-07
    days on market $64,900 Active 142 DOM
11. 2026-06-03
    days on market $64,900 Active 138 DOM
12. 2026-06-02
    days on market $64,900 Active 137 DOM
13. 2026-06-01
    days on market $64,900 Active 136 DOM
14. 2026-05-31
    days on market $64,900 Active 135 DOM
15. 2026-05-30
    days on market $64,900 Active 134 DOM
16. 2026-04-02
    status Pending 370-char remark

    Show marketing remark (370 chars)

    Welcome to this charming 3-bedroom, 2-bath home in Loveland with an open and airy feel. The spacious kitchen is a standout feature, boasting new countertops and recently installed cabinetry, providing both style and functionality. With a thoughtful layout and comfortable living spaces, this home offers a great opportunity to enjoy easy living in a convenient location.

17. 2026-04-01
    soldstatus $60,000 Closed 370-char remark

    Show marketing remark (370 chars)

    Welcome to this charming 3-bedroom, 2-bath home in Loveland with an open and airy feel. The spacious kitchen is a standout feature, boasting new countertops and recently installed cabinetry, providing both style and functionality. With a thoughtful layout and comfortable living spaces, this home offers a great opportunity to enjoy easy living in a convenient location.

18. 2026-03-15
    listed $67,000 Active 370-char remark

    Show marketing remark (370 chars)

    Welcome to this charming 3-bedroom, 2-bath home in Loveland with an open and airy feel. The spacious kitchen is a standout feature, boasting new countertops and recently installed cabinetry, providing both style and functionality. With a thoughtful layout and comfortable living spaces, this home offers a great opportunity to enjoy easy living in a convenient location.

19. 2026-03-11
    historical
20. 2026-02-03
    price $64,900
21. 2026-01-16
    listed $69,900 Active
22. 2025-09-11
    price $72,900
23. 2025-09-11
    status Active
24. 2025-09-02
    historical
25. 2025-07-25
    status Active
26. 2025-07-24
    historical
27. 2025-07-07
    price $79,900
28. 2025-06-06
    price $84,900
29. 2025-04-07
    listed $90,000 Active
30. 2024-12-10
    soldstatus $68,000 Closed
31. 2024-11-25
    status Pending Accepting Backup Offers
32. 2024-11-04
    price $68,000
33. 2024-10-12
    price $84,000
34. 2024-09-12
    listed $90,000 Active
35. 2024-06-03
    soldstatus $89,900 Closed
36. 2024-04-29
    status Pending Accepting Backup Offers
37. 2024-04-19
    status Active
38. 2024-04-11
    status Pending
39. 2024-04-02
    listed $84,900 Active
40. 2022-02-14
    historical
41. 2021-12-27
    price $65,000
42. 2021-10-29
    listed $72,000 Active
43. 2021-08-19
    historical
44. 2021-07-08
    listed $88,900 Active
45. 2006-09-05
    soldstatus $13,250
46. 2006-07-15
    listed $15,000
47. 2003-04-30
    historical
48. 2002-09-27
    soldstatus $49,000
49. 2002-06-05
    listed $53,900
50. 2002-04-07
    listed $52,900

ⓘ 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 7/10 Severe
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,873
• − Mortgage interest: −$3,635
• − Property taxes: −$974
• − Insurance: −$324
• − Repairs & maintenance: −$1,670
• − Management: −$1,670
• − Depreciation: −$1,888
• Taxable income: $10,712
• Est. tax owed @ 24.0%: −$2,571
• After-tax cash flow: $8,537/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: Thompson School District R-2J
• NCES district ID: 0805400
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $63,040
• Composite: 34.01/100
• National rank: #5313
• State rank: #28 of 86 in CO

Livability — Loveland

• Score: 73/100
• State rank: #52
• US rank: #5353

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Loveland, CO
• County: Larimer County · 338,255 people
• City population: 94,535
• Metro: Fort Collins, CO
• Population (ZIP): 50,110
• Household income: $86,671
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1447.0

Population outlook (Larimer County) Hauer SSP2

• Today (2025): 415,361 people
• By 2030: 457,762 · +10.2%
• By 2040: 542,310 · +30.6%
• By 2050: 627,048 · +51.0%
• By 2075: 833,722 · +100.7%
• By 2100: 952,590 · +129.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 15% Two or more races 10% Black 1%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Italian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 4% · Canada, China
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Larimer

• 2024 margin: D (+17.6) · D 57.4% · R 39.8% · Other 2.9%
• 2008→2024 swing: +7.9pp toward D · 2008: 9.7pp · 2024: 17.6pp
• All cycles: 2024: D+17.6 2020: D+15.4 2016: D+4.9 2012: D+5.2 2008: D+9.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -515.25%
• Current HPI: 242.9397
• Rent YoY: ▲ 3.11%
• Metro: Fort Collins, 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

+0.8% since first listed

37 events — show timeline

• 2026-04-02 Pending — REColorado as Distributed by MLS Grid
• 2026-04-01 Sold (MLS) $60,000 REColorado as Distributed by MLS Grid
• 2026-03-15 Listed $67,000 REColorado as Distributed by MLS Grid
• 2026-03-11 Listing Removed — REColorado as Distributed by MLS Grid
• 2026-02-03 Price Changed $64,900 REColorado as Distributed by MLS Grid
• 2026-01-16 Listed $69,900 REColorado as Distributed by MLS Grid
• 2025-09-11 Price Changed $72,900 REColorado as Distributed by MLS Grid
• 2025-09-11 Relisted — REColorado as Distributed by MLS Grid
• 2025-09-02 Listing Removed — REColorado as Distributed by MLS Grid
• 2025-07-25 Relisted — REColorado as Distributed by MLS Grid
• 2025-07-24 Listing Removed — REColorado as Distributed by MLS Grid
• 2025-07-07 Price Changed $79,900 REColorado as Distributed by MLS Grid
• 2025-06-06 Price Changed $84,900 REColorado as Distributed by MLS Grid
• 2025-04-07 Listed $90,000 REColorado as Distributed by MLS Grid
• 2024-12-10 Sold (MLS) $68,000 REColorado as Distributed by MLS Grid
• 2024-11-25 Pending — REColorado as Distributed by MLS Grid
• 2024-11-04 Price Changed $68,000 REColorado as Distributed by MLS Grid
• 2024-10-12 Price Changed $84,000 REColorado as Distributed by MLS Grid
• 2024-09-12 Listed $90,000 REColorado as Distributed by MLS Grid
• 2024-06-03 Sold (MLS) $89,900 REColorado as Distributed by MLS Grid
• 2024-04-29 Pending — REColorado as Distributed by MLS Grid
• 2024-04-19 Relisted — REColorado as Distributed by MLS Grid
• 2024-04-11 Pending — REColorado as Distributed by MLS Grid
• 2024-04-02 Listed $84,900 REColorado as Distributed by MLS Grid
• 2022-02-14 Listing Removed — REColorado as Distributed by MLS Grid
• 2021-12-27 Price Changed $65,000 REColorado as Distributed by MLS Grid
• 2021-10-29 Listed $72,000 REColorado as Distributed by MLS Grid
• 2021-08-19 Listing Removed — REColorado as Distributed by MLS Grid
• 2021-07-08 Listed $88,900 REColorado as Distributed by MLS Grid
• 2006-09-05 Sold (MLS) $13,250 IRES
• 2006-07-15 Listed $15,000 IRES
• 2003-04-30 Listing Removed — IRES
• 2002-09-27 Sold (MLS) $49,000 IRES
• 2002-06-05 Listed $53,900 IRES
• 2002-04-07 Listed $52,900 IRES
• 2000-07-15 Listing Removed — IRES
• 2000-06-11 Listed $59,500 IRES

Property tax history

+28.7%/yr

Latest (2025): $81,450 · +7.8% YoY. Source: county tax records.