19253 E Highway 24 #40 · Woodland Park, CO 80863

$149,000

1 bd · 1.0 ba · 632 sqft · SingleFamily · 79 Days on market

Built 2016 Good condition 1,115 sqft lot

---

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 +24.7/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Schools +3.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming cottage in Peak View Park, now available for sale! Enjoy your morning coffee or evening relaxation on the lovely covered deck while taking in the stunning mountain views. The home was thoughtfully positioned to face Pikes Peak, providing a picturesque backdrop year-round. Inside, you’ll find a spacious living and dining area featuring vaulted ceilings, wood-look flooring, a neutral color palette, and a cozy wood-burning fireplace to keep you warm during the winter months. The galley-style kitchen offers ample cabinetry, tile backsplash, and built-in appliances—perfect for everyday cooking. The comfortable main bedroom includes plush carpeting, built-

Key facts

• Covered deck
• Pikes peak
• Galley-style kitchen

Tags

• COVERED DECK
• MOUNTAIN VIEWS
• PIKES PEAK
• GALLEY-STYLE KITCHEN
• GRANITE COUNTERTOPS
• SPACIOUS LOFT

Property features AI

Finance

• Financial info: Cash and other financing terms available
• HOA & community: No HOA

Exterior

• Parking: Assigned 2-car garage; Gravel driveway
• Utilities: Well water; Electricity available; Gas available; Telephone service available; High-speed internet available
• Home design: Single wide home; Existing single-family property
• Construction: Wood siding; Composite shingle roof; Crawl space foundation; Built/Established (existing home)
• Exterior features: Covered patio; Wood deck; Mountain view

Interior

• Kitchen: Disposal; Microwave; Range oven (gas/electric); Refrigerator
• Bedrooms: Main floor bedroom
• Flooring: Carpet; Tile; Vinyl/linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Ceiling fan(s)
• Interior features: Vaulted ceilings; Stove fireplace
• Laundry & utility: Washer and dryer located on the main level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $149k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $312 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $140k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.5% in Woodland Park — 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 71/100 on livability (#78 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: commute F, cost of living F.
• Woodland Park School District No. Re-2 (town): math 28% / reading 47% proficiency, ranked #29 of 86 in CO (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 245 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 148 units permitted in Teller County in 2024 (0 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.
• Teller County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($140k) 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.

Risks & watch-outs

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

Recommended offer $140,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% 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: 1.14% ✓
• Cap rate: 8.81%
• Cash-on-cash: 8.98%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.64% rent growth · sell at horizon

5-year hold

• IRR: -2.0%
• Equity multiple: 0.92×
• Total profit: $-3,133
• Equity at exit: $22,216

10-year hold

• IRR: 8.4%
• Equity multiple: 1.66×
• Total profit: $27,557
• Equity at exit: $12,883

Cash invested: $41,720 (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 80863

• Home prices YoY: -29.8%
• Rents YoY: 3.6%
• Active inventory: 245
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,699 medium
• Mortgage (P&I): −$781
• Tax est. 1.5%: −$186 /mo · $2,235/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $312

Break-even live

Break-even rent $1,303

Max offer price $149,000

Occupancy floor 77%

Sensitivity live

Price	-10% $415	-5% $364	+0% $312	+5% $261	+10% $209
Rent	-10% $178	-5% $245	+0% $312	+5% $379	+10% $446
Rate	-1.0pp $387	-0.5pp $350	base $312	+0.5pp $274	+1.0pp $234

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
704 Stone Park Ln Woodland Park, CO	1.0–3.0	1.0–2.0	1054	$2,089	$1.98	2d	8	0.56mi
407 Mountain View Pl Unit 1 Woodland Park, CO	2.0	1.0	675	$1,350	$2.00	3d	1	1.22mi

Listing history 18 events

1. 2026-06-18
   days on market $149,000 Active 79 DOM
2. 2026-06-17
   days on market $149,000 Active 78 DOM
3. 2026-06-16
   days on market $149,000 Active 77 DOM
4. 2026-06-15
   days on market $149,000 Active 76 DOM
5. 2026-06-14
   days on market $149,000 Active 74 DOM
6. 2026-06-13
   days on market $149,000 Active 73 DOM
7. 2026-06-10
   days on market $149,000 Active 71 DOM
8. 2026-06-09
   days on market $149,000 Active 70 DOM
9. 2026-06-08
   days on market $149,000 Active 69 DOM
10. 2026-06-07
    days on market $149,000 Active 68 DOM
11. 2026-06-03
    days on market $149,000 Active 64 DOM
12. 2026-06-03
    days on market $149,000 Active 63 DOM
13. 2026-06-01
    days on market $149,000 Active 62 DOM
14. 2026-05-31
    days on market $149,000 Active 61 DOM
15. 2026-05-15
    status Pending
16. 2026-03-23
    status Active
17. 2026-03-19
    historical
18. 2026-03-16
    listed $149,000 Active

ⓘ 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 8/10 Severe
• 🌡 Heat 1/10 Low 8 d/yr ≥81°F today · 24 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,384
• − Mortgage interest: −$8,346
• − Property taxes: −$2,235
• − Insurance: −$745
• − Repairs & maintenance: −$1,631
• − Management: −$1,631
• − Depreciation: −$4,335
• Taxable income: $1,461
• Est. tax owed @ 24.0%: −$351
• After-tax cash flow: $3,396/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab

This charming single-family home in Peak View Park is in good condition with a good condition score of 80. It has a good kitchen, bathroom, and exterior. The home is move-in ready with minor maintenance items to address. The highest-ROI updates would be to paint the exterior siding, install new flooring, and add outdoor lighting.

Value-add opportunities

• Both Paint the exterior siding to enhance curb appeal. — A fresh coat of paint can significantly improve the home's appearance and value.
• Both Install new flooring in the kitchen and living area for a more modern look. — New flooring can make the space feel larger and more inviting.
• Both Add a small outdoor lighting system to the front porch and deck. — Outdoor lighting can enhance safety and curb appeal, attracting potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding to enhance curb appeal. — A fresh coat of paint can significantly improve the home's appearance and value. ↑
• Both Install new flooring in the kitchen and living area for a more modern look. — New flooring can make the space feel larger and more inviting. ↑
• Both Add a small outdoor lighting system to the front porch and deck. — Outdoor lighting can enhance safety and curb appeal, attracting potential buyers or renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Woodland Park School District No. Re-2
• NCES district ID: 0807380
• Math proficiency: 28% ▼ -3.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $63,920
• Composite: 33.68/100
• National rank: #5385
• State rank: #29 of 86 in CO

Livability — Woodland Park

• Score: 71/100
• State rank: #78
• US rank: #7181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Teller County · 12,329 people
• City population: 12,329
• Metro: Colorado Springs, CO
• Population (ZIP): 12,329
• Household income: $104,779
• Rent vs Own: 22.1% rent · 77.9% own
• Severe rent burden: 418.0

Population outlook (Teller County) Hauer SSP2

• Today (2025): 22,404 people
• By 2030: 21,527 · -3.9%
• By 2040: 19,356 · -13.6%
• By 2050: 17,462 · -22.1%
• By 2075: 14,658 · -34.6%
• By 2100: 11,982 · -46.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 10% Hispanic / Latino 5% Black 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 4% Lithuanian 3% Italian 3%
• Foreign-born: 3% · South Korea
• Languages at home: 97% English-only · Spanish 1% German/W. Germanic 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Teller

• 2024 margin: Solid R (+35.5) · D 31.0% · R 66.5% · Other 2.5%
• 2008→2024 swing: -7.3pp toward R · 2008: -28.1pp · 2024: -35.5pp
• All cycles: 2024: R+35.5 2020: R+35.2 2016: R+42.5 2012: R+33.1 2008: R+28.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -129.47%
• Current HPI: 304.4625
• Rent YoY: ▲ 3.64%
• 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

4 events — show timeline

• 2026-05-15 Pending — elevateMLS
• 2026-03-23 Relisted — elevateMLS
• 2026-03-19 Delisted — elevateMLS
• 2026-03-16 Listed $149,000 elevateMLS