8631 Pinon St · Starkville, CO 81082

$114,900

3 bd · 1.0 ba · 2,028 sqft · SingleFamily public records · 157 Days on market

Built 1889 0.61 ac lot

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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 +27.1/30.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

Key facts

• Over half an acre
• Wood stove
• Abundant storage

Tags

• OVER HALF AN ACRE
• LARGE OPEN LIVING ROOM
• ABUNDANT STORAGE
• WOOD STOVE
• MULTIPLE STORAGE SHEDS
• EXCELLENT POTENTIAL FOR A SHOP

Property features AI

Finance

• Other: Lot allows horses; Approximately 0.61 acre lot; Living area listed from public records; Below-grade unfinished area present

Exterior

• Parking: Three-car garage; Two off-street parking spaces; Five total parking spaces
• Utilities: Public water; Septic tank sewer; Electricity connected
• Home design: Single-family residence; One story; Unattached property; Individual ownership
• Construction: Frame construction; Block foundation; Composition roof; Built as a house
• Exterior features: Covered patio; Partial fencing; Gravel road access

Interior

• Kitchen: Oven; Range; Refrigerator
• Bedrooms: Three bedrooms, all on the main level
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating
• Interior features: Wood-burning stove in the basement; Basement is full and unfinished
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $326 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#289 in CO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, crime F.
• Trinidad School District 1 In The County Of Las Animas And (town): math 6% / reading 27% proficiency, ranked #82 of 86 in CO (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Fisher'S Peak Elementary School (math 5% / reading 22%, grade F, #824 of 966 statewide, top 88%, 403 students, 76% FRL); Trinidad Middle School (math 2% / reading 15%, grade F, #251 of 270 statewide, top 94%, 180 students, 74% FRL); Trinidad High School (math 15% / reading 44%, grade F, #233 of 381 statewide, top 64%, 213 students, 62% FRL).
• Market conditions: 263 active listings in the ZIP; 43 units permitted in Las Animas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Las Animas County population projected at -40% 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 $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 157 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1889 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 157 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1889 — 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. 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?
7. 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.
8. 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.
9. 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: 1.13% ✓
• Cap rate: 9.70%
• Cash-on-cash: 12.17%
• DSCR: 1.54
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 1.7%
• Equity multiple: 1.07×
• Total profit: $2,116
• Equity at exit: $17,132

10-year hold

• IRR: 11.3%
• Equity multiple: 1.88×
• Total profit: $28,438
• Equity at exit: $9,934

Cash invested: $32,172 (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 81082

• Home prices YoY: -21.1%
• Active inventory: 263
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,300 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$51 /mo · $610/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $326

Break-even live

Break-even rent $888

Max offer price $114,900

Occupancy floor 70%

Sensitivity live

Price	-10% $391	-5% $359	+0% $326	+5% $294	+10% $261
Rent	-10% $223	-5% $275	+0% $326	+5% $378	+10% $429
Rate	-1.0pp $384	-0.5pp $355	base $326	+0.5pp $296	+1.0pp $266

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-21
   pricedays on market $114,900 Active 157 DOM
2. 2026-06-18
   days on market $129,900 Active 155 DOM
3. 2026-06-17
   days on market $129,900 Active 154 DOM
4. 2026-06-16
   days on market $129,900 Active 153 DOM
5. 2026-06-15
   days on market $129,900 Active 152 DOM
6. 2026-06-13
   days on market $129,900 Active 150 DOM
7. 2026-06-12
   days on market $129,900 Active 149 DOM
8. 2026-06-09
   days on market $129,900 Active 146 DOM
9. 2026-06-08
   days on market $129,900 Active 145 DOM
10. 2026-06-07
    days on market $129,900 Active 144 DOM
11. 2026-06-04
    days on market $129,900 Active 140 DOM
12. 2026-06-03
    price $129,900 Active 139 DOM
13. 2026-06-02
    days on market $137,500 Active 139 DOM
14. 2026-06-01
    days on market $137,500 Active 138 DOM
15. 2026-05-31
    days on market $137,500 Active 137 DOM
16. 2026-05-31
    days on market $137,500 Active 136 DOM
17. 2026-04-21
    price $137,500 997-char remark

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

18. 2026-04-21
    price $137,500 997-char remark

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

19. 2026-04-20
    price $137,500 997-char remark

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

20. 2026-04-20
    price $137,500

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

21. 2026-01-14
    listed $145,000 Active 997-char remark

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

22. 2026-01-14
    listed $145,000 Active 997-char remark

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

23. 2026-01-14
    listed $145,000 Active 997-char remark

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

24. 2026-01-14
    listed $145,000 Active

    Show marketing remark (997 chars)

    APPOINTMENT ONLY! Handy person or investor ready property! Set on over half an acre just outside of town, this 3 bedroom, 1 bath property offers space, flexibility, and opportunity in a quiet setting with beautiful views of Fishers Peak, all just minutes from Trinidad Lake and downtown. The home features wood floors, large open living room with coved ceilings, as well as a basement with abundant storage and a wood stove. An oversized 18x23 covered and enclosed patio provides room to expand or customize to fit your vision. Outside, you will find a 2-car garage, an additional 1-car garage, multiple storage sheds, two small old houses currently used for storage, and a large area ideal for RV parking. The sale includes multiple vacant lots on both sides of the road, offering excellent potential for a shop, additional structures, or future development. With room to spread out and plenty of upside, this property is being sold as-is and is ready for the next owner to bring it back to life.

25. 2020-09-21
    soldstatus $125,000
26. 2007-08-10
    soldstatus $90,000

ⓘ 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: $610 · $51/mo
• Projected year-2 tax: $632 · $53/mo
• Expected delta: +$22/yr (+$2/mo · 3.7%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 2/10 Low 9 d/yr ≥88°F today · 26 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: $15,606
• − Mortgage interest: −$6,436
• − Property taxes: −$610
• − Insurance: −$574
• − Repairs & maintenance: −$1,248
• − Management: −$1,248
• − Depreciation: −$3,343
• Taxable income: $2,146
• Est. tax owed @ 24.0%: −$515
• After-tax cash flow: $3,399/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: Trinidad School District 1 In The County Of Las Animas And
• NCES district ID: 0806960
• Math proficiency: 6% ▼ -9.00%
• Reading proficiency: 27% ▼ -3.00%
• Median HH income: $37,538
• Composite: 13.74/100
• National rank: #9493
• State rank: #82 of 86 in CO

Livability — Starkville

• Score: 58/100
• State rank: #289
• US rank: #20664

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Starkville, CO
• Population (ZIP): 11,750

Population outlook (Las Animas County) Hauer SSP2

• Today (2025): 12,072 people
• By 2030: 10,972 · -9.1%
• By 2040: 8,825 · -26.9%
• By 2050: 7,245 · -40.0%
• By 2075: 5,139 · -57.4%
• By 2100: 3,922 · -67.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 53% Hispanic / Latino 41% Two or more races 18% Native American 4% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 90% English-only · Spanish 8% Other Asian/Pacific 1%

Political lean MEDSL · Las Animas

• 2024 margin: R (+13.5) · D 42.0% · R 55.5% · Other 2.4%
• 2008→2024 swing: -20.5pp toward R · 2008: 7.0pp · 2024: -13.5pp
• All cycles: 2024: R+13.5 2020: R+9.9 2016: R+15.6 2012: D+2.7 2008: D+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.04%
• Current HPI: 258.5479
• 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

+52.8% since first listed

10 events — show timeline

• 2026-04-21 Price Changed $137,500 IRES
• 2026-04-21 Price Changed $137,500 REColorado as Distributed by MLS Grid
• 2026-04-20 Price Changed $137,500 cren
• 2026-04-20 Price Changed $137,500 SPMLS
• 2026-01-14 Listed $145,000 SPMLS
• 2026-01-14 Listed $145,000 cren
• 2026-01-14 Listed $145,000 REColorado as Distributed by MLS Grid
• 2026-01-14 Listed $145,000 IRES
• 2020-09-21 Sold (Public Records) $125,000 Public Records
• 2007-08-10 Sold (Public Records) $90,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $610 · +60.1% YoY. Source: county tax records.