1310 Burnham St · Stratmoor, CO 80906

$150,000

4 bd · 2.0 ba · 1,666 sqft · SingleFamily public records · 4 Days on market

Built 1968 6,942 sqft lot

---

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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale:Bring your vision & creativity to this spacious 4BR, 2BA, bi-level home in the Southeast community of Stratmoor Valley. Situated on a generous 0.16-acre fenced lot, this home offers endless potential for a buyer eager to add their own personal touch. Inside, you'll find 1,666 sf of bright, open living space with an inviting floor plan designed for everyday living & entertaining. Attractive wood laminate flooring runs through most of the home. The Living Room features a large front-facing window & a lighted ceiling fan. It flows seamlessly into the Dining Area & Kitchen, making it easy to host family & friends. The Dining Area features tile flooring & a sliding glass door that opens to a covered deck, perfect for outdoor dining or relaxing in the fresh Colorado air. The Kitchen offers ample wood cabinetry & generous counter space for storage & meal prep. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. The upper level is completed by two spacious bedrooms & a full bathroom with vanity, mirror, & tiled tub/shower. Downstairs, the Lower Level boasts a large Family Room, ideal for a media space, game room, or second living area. This level also includes two additional bedrooms & a full bathroom, plus a convenient laundry area with washer & dryer. From the Family Room, step outside to a covered patio & level backyard, an open canvas ready for your dream outdoor oasis. Additional highlights include a 1-car attached garage, plus extra driveway space perfect for RV or small boat parking. With no HOA, you'll enjoy the freedom to truly make this property your own. Ideally located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you're looking for a DIY project with great potential, this home is ready for your imagination & personal style to bring it to life! May have Foundation issues, being sold as is!

Key facts

• Covered deck
• Large family room
• Covered patio

Tags

• FENCED LOT
• COVERED DECK
• WOOD CABINETRY
• GENEROUS COUNTER SPACE
• LARGE FAMILY ROOM
• COVERED PATIO

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $654 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 11.5% vs local median 4.2% in Stratmoor — 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 65/100 on livability (#156 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: crime F, amenities F, commute F.
• Harrison School District No. 2 In The County Of El Paso An (urban): math 16% / reading 35% proficiency, ranked #67 of 86 in CO (top 78%) — 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: Oak Creek Elementary School (math 30% / reading 44%, grade F, #399 of 966 statewide, top 42%, 260 students, 65% FRL); Fox Meadow Middle School (math 11% / reading 32%, grade F, #195 of 270 statewide, top 73%, 418 students, 68% FRL); Harrison High School (math 16% / reading 42%, grade F, #253 of 381 statewide, top 66%, 1,179 students, 50% FRL) — zoned schools at 61% FRL track the district average.
• Market conditions: Rents soft (-0.4%/yr); 300 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,906 units permitted in El Paso County in 2024 (872 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• El Paso County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y 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 $150,000

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.39% ✓
• Cap rate: 11.53%
• Cash-on-cash: 18.69%
• DSCR: 1.83
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $328,202
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1304 Burnham St	0.04mi	4/2.0	1,666 (0%)	5mo	$330,000	$198	94
1407 Maxwell St	0.25mi	4/2.0	1,716 (+3%)	2mo	$340,000	$198	82
1528 Maxwell St	0.37mi	4/2.0	1,666 (0%)	6mo	$295,000	$177	78
1220 Hartford St	0.22mi	4/2.0	1,800 (+8%)	0mo	$330,000	$183	76
1337 Maxwell St	0.23mi	4/2.0	1,536 (-8%)	1mo	$270,000	$176	76
1336 Maxwell St	0.19mi	4/2.0	1,715 (+3%)	14mo	$337,000	$197	74
1564 Willshire Dr	0.42mi	3/2.0 (-1)	1,666 (0%)	3mo	$350,000	$210	73
1116 Cambridge Ave	0.45mi	4/2.0	1,666 (0%)	8mo	$257,500	$155	73
1551 Willshire Dr	0.38mi	4/2.0	1,666 (0%)	14mo	$320,000	$192	71
1215 Hartford St	0.25mi	3/2.0 (-1)	1,810 (+9%)	10mo	$315,000	$174	60
1103 Maxwell St	0.49mi	4/2.0	1,536 (-8%)	11mo	$335,000	$218	55
1675 Maxwell St	0.63mi	3/2.5 (-1)	1,464 (-12%)	11mo	$385,000	$263	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 7.1%
• Equity multiple: 1.27×
• Total profit: $11,249
• Equity at exit: $22,365

10-year hold

• IRR: 13.7%
• Equity multiple: 1.95×
• Total profit: $39,858
• Equity at exit: $12,969

Cash invested: $42,000 (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 80906

• Rents YoY: -0.4%
• Active inventory: 300
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,083 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$142 /mo · $1,709/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $654

Break-even live

Break-even rent $1,255

Max offer price $150,000

Occupancy floor 64%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1308 Hartford St Colorado Springs, CO	4.0	2.0	1666	$1,950	$1.17	23d	1	0.03mi
3119 Cliveden Hts Colorado Springs, CO	2.0–3.0	2.5	1184	$1,985	$1.68	3d	1	0.45mi
1624 Hampton S Colorado Springs, CO	1.0–4.0	1.0–2.0	858	$719	$0.84	2d	1	1.23mi
1472 Meadow Peak Vw Colorado Springs, CO	1.0–3.0	1.0–2.0	932	$1,683	$1.80	2d	10	1.47mi

Listing history 16 events

1. 2026-03-15
   status Pending 2049-char remark

   Show marketing remark (894 chars)

   SHORT SALE - SOLD AS IS!! Investor opportunity - great fix and flip potential. What is hard to see in photos - Siding has buckled away from the home in multiple areas, the roof has visible damage, the deck slopes to one side, foundation cracks at corner of garage, flooring on upper level slopes. This 1,666 SqFt bi-level home has 4 beds 2 baths and is located in the Southeast community of Stratmoor Valley. Situated on 0.16-acre fenced lot with a covered deck and level backyard. No HOA. Plus extra drive driveway space for RV parking. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. Located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you’re looking for a fixer upper with great potential, this home is ready for you!

2. 2026-03-15
   status Pending 2049-char remark

   Show marketing remark (894 chars)

   SHORT SALE - SOLD AS IS!! Investor opportunity - great fix and flip potential. What is hard to see in photos - Siding has buckled away from the home in multiple areas, the roof has visible damage, the deck slopes to one side, foundation cracks at corner of garage, flooring on upper level slopes. This 1,666 SqFt bi-level home has 4 beds 2 baths and is located in the Southeast community of Stratmoor Valley. Situated on 0.16-acre fenced lot with a covered deck and level backyard. No HOA. Plus extra drive driveway space for RV parking. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. Located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you’re looking for a fixer upper with great potential, this home is ready for you!

3. 2026-03-15
   historical UC Short Sale - Showing 894-char remark

   Show marketing remark (894 chars)

   SHORT SALE - SOLD AS IS!! Investor opportunity - great fix and flip potential. What is hard to see in photos - Siding has buckled away from the home in multiple areas, the roof has visible damage, the deck slopes to one side, foundation cracks at corner of garage, flooring on upper level slopes. This 1,666 SqFt bi-level home has 4 beds 2 baths and is located in the Southeast community of Stratmoor Valley. Situated on 0.16-acre fenced lot with a covered deck and level backyard. No HOA. Plus extra drive driveway space for RV parking. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. Located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you’re looking for a fixer upper with great potential, this home is ready for you!

4. 2026-03-11
   listed $150,000 Active 894-char remark

   Show marketing remark (2049 chars)

   Short Sale:Bring your vision & creativity to this spacious 4BR, 2BA, bi-level home in the Southeast community of Stratmoor Valley. Situated on a generous 0.16-acre fenced lot, this home offers endless potential for a buyer eager to add their own personal touch. Inside, you'll find 1,666 sf of bright, open living space with an inviting floor plan designed for everyday living & entertaining. Attractive wood laminate flooring runs through most of the home. The Living Room features a large front-facing window & a lighted ceiling fan. It flows seamlessly into the Dining Area & Kitchen, making it easy to host family & friends. The Dining Area features tile flooring & a sliding glass door that opens to a covered deck, perfect for outdoor dining or relaxing in the fresh Colorado air. The Kitchen offers ample wood cabinetry & generous counter space for storage & meal prep. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. The upper level is completed by two spacious bedrooms & a full bathroom with vanity, mirror, & tiled tub/shower. Downstairs, the Lower Level boasts a large Family Room, ideal for a media space, game room, or second living area. This level also includes two additional bedrooms & a full bathroom, plus a convenient laundry area with washer & dryer. From the Family Room, step outside to a covered patio & level backyard, an open canvas ready for your dream outdoor oasis. Additional highlights include a 1-car attached garage, plus extra driveway space perfect for RV or small boat parking. With no HOA, you'll enjoy the freedom to truly make this property your own. Ideally located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you're looking for a DIY project with great potential, this home is ready for your imagination & personal style to bring it to life! May have Foundation issues, being sold as is!

5. 2026-03-11
   listed $150,000 Active 2049-char remark

   Show marketing remark (2049 chars)

   Short Sale:Bring your vision & creativity to this spacious 4BR, 2BA, bi-level home in the Southeast community of Stratmoor Valley. Situated on a generous 0.16-acre fenced lot, this home offers endless potential for a buyer eager to add their own personal touch. Inside, you'll find 1,666 sf of bright, open living space with an inviting floor plan designed for everyday living & entertaining. Attractive wood laminate flooring runs through most of the home. The Living Room features a large front-facing window & a lighted ceiling fan. It flows seamlessly into the Dining Area & Kitchen, making it easy to host family & friends. The Dining Area features tile flooring & a sliding glass door that opens to a covered deck, perfect for outdoor dining or relaxing in the fresh Colorado air. The Kitchen offers ample wood cabinetry & generous counter space for storage & meal prep. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. The upper level is completed by two spacious bedrooms & a full bathroom with vanity, mirror, & tiled tub/shower. Downstairs, the Lower Level boasts a large Family Room, ideal for a media space, game room, or second living area. This level also includes two additional bedrooms & a full bathroom, plus a convenient laundry area with washer & dryer. From the Family Room, step outside to a covered patio & level backyard, an open canvas ready for your dream outdoor oasis. Additional highlights include a 1-car attached garage, plus extra driveway space perfect for RV or small boat parking. With no HOA, you'll enjoy the freedom to truly make this property your own. Ideally located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you're looking for a DIY project with great potential, this home is ready for your imagination & personal style to bring it to life! May have Foundation issues, being sold as is!

6. 2026-03-11
   listed $150,000 Active 2049-char remark

   Show marketing remark (2049 chars)

   Short Sale:Bring your vision & creativity to this spacious 4BR, 2BA, bi-level home in the Southeast community of Stratmoor Valley. Situated on a generous 0.16-acre fenced lot, this home offers endless potential for a buyer eager to add their own personal touch. Inside, you'll find 1,666 sf of bright, open living space with an inviting floor plan designed for everyday living & entertaining. Attractive wood laminate flooring runs through most of the home. The Living Room features a large front-facing window & a lighted ceiling fan. It flows seamlessly into the Dining Area & Kitchen, making it easy to host family & friends. The Dining Area features tile flooring & a sliding glass door that opens to a covered deck, perfect for outdoor dining or relaxing in the fresh Colorado air. The Kitchen offers ample wood cabinetry & generous counter space for storage & meal prep. Appliances include a dishwasher, microwave, refrigerator, & electric range oven. The upper level is completed by two spacious bedrooms & a full bathroom with vanity, mirror, & tiled tub/shower. Downstairs, the Lower Level boasts a large Family Room, ideal for a media space, game room, or second living area. This level also includes two additional bedrooms & a full bathroom, plus a convenient laundry area with washer & dryer. From the Family Room, step outside to a covered patio & level backyard, an open canvas ready for your dream outdoor oasis. Additional highlights include a 1-car attached garage, plus extra driveway space perfect for RV or small boat parking. With no HOA, you'll enjoy the freedom to truly make this property your own. Ideally located close to schools, parks, & trails, with an easy commute to Fort Carson & quick access to restaurants, shopping, and entertainment in downtown Colorado Springs. If you're looking for a DIY project with great potential, this home is ready for your imagination & personal style to bring it to life! May have Foundation issues, being sold as is!

7. 2021-02-16
   soldstatus $319,000
8. 2020-10-20
   soldstatus $213,500
9. 2020-07-31
   price $225,000
10. 2020-07-21
    price $230,000
11. 2014-11-19
    soldstatus $97,000
12. 2014-11-04
    historical
13. 2014-10-03
    listed $97,000
14. 2002-09-03
    soldstatus $125,900
15. 1984-07-01
    soldstatus $45,000
16. 1977-08-01
    soldstatus $23,500

ⓘ 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: $1,709 · $142/mo
• Projected year-2 tax: $1,709 · $142/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 19 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: $24,996
• − Mortgage interest: −$8,402
• − Property taxes: −$1,709
• − Insurance: −$750
• − Repairs & maintenance: −$2,000
• − Management: −$2,000
• − Depreciation: −$4,364
• Taxable income: $5,772
• Est. tax owed @ 24.0%: −$1,385
• After-tax cash flow: $6,463/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: Harrison School District No. 2 In The County Of El Paso An
• NCES district ID: 0804530
• Math proficiency: 16% ▼ -13.00%
• Reading proficiency: 35% ▼ -7.00%
• Median HH income: $40,242
• Composite: 21.47/100
• National rank: #8333
• State rank: #67 of 86 in CO

Livability — Stratmoor

• Score: 65/100
• State rank: #156
• US rank: #12505

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stratmoor, CO
• County: El Paso County · 689,348 people
• Metro: Colorado Springs, CO
• Population (ZIP): 37,502
• Household income: $89,984
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 1572.0

Population outlook (El Paso County) Hauer SSP2

• Today (2025): 768,926 people
• By 2030: 815,739 · +6.1%
• By 2040: 903,489 · +17.5%
• By 2050: 981,204 · +27.6%
• By 2075: 1,155,542 · +50.3%
• By 2100: 1,202,070 · +56.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 18% Two or more races 11% Black 4% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 2%
• Common ancestry: Italian 3% Romanian 3% Slovak 3%
• Foreign-born: 7% · Canada, South Korea, Vietnam
• Languages at home: 89% English-only · Spanish 6% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · El Paso

• 2024 margin: Lean R (+9.8) · D 43.8% · R 53.5% · Other 2.7%
• 2008→2024 swing: +9.0pp toward D · 2008: -18.8pp · 2024: -9.8pp
• All cycles: 2024: R+9.8 2020: R+10.8 2016: R+22.6 2012: R+21.4 2008: R+18.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -272.61%
• Current HPI: 248.2125
• Rent YoY: ▼ -0.43%
• 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

+538.3% since first listed

16 events — show timeline

• 2026-03-15 Pending — IRES
• 2026-03-15 Pending — REColorado as Distributed by MLS Grid
• 2026-03-15 Contingent — elevateMLS
• 2026-03-11 Listed $150,000 elevateMLS
• 2026-03-11 Listed $150,000 REColorado as Distributed by MLS Grid
• 2026-03-11 Listed $150,000 IRES
• 2021-02-16 Sold (Public Records) $319,000 Public Records
• 2020-10-20 Sold (Public Records) $213,500 Public Records
• 2020-07-31 Price Changed $225,000 elevateMLS
• 2020-07-21 Price Changed $230,000 elevateMLS
• 2014-11-19 Sold (MLS) $97,000 REColorado as Distributed by MLS Grid
• 2014-11-04 Listing Removed — REColorado as Distributed by MLS Grid
• 2014-10-03 Listed $97,000 REColorado as Distributed by MLS Grid
• 2002-09-03 Sold (Public Records) $125,900 Public Records
• 1984-07-01 Sold (Public Records) $45,000 Public Records
• 1977-08-01 Sold (Public Records) $23,500 Public Records

Property tax history

+6.2%/yr

Latest (2024): $1,709 · +39.4% YoY. Source: county tax records.