26 Meadow Dr · Fairplay, CO 80440

$185,000

2 bd · None ba · 816 sqft · Land · 58 Days on market

Built 1963 3.52 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 +26.4/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away in the heart of Sportsman Valley, this rare offering features a charming dry cabin situated on four lots within a gated community and surrounded by National Forest—delivering unmatched privacy and direct access to the outdoors. A true sportsman’s paradise, this property is ideal for hunting, fishing, hiking, and year-round adventure. The cabin offers 2 bedrooms, a cozy living area, and a spacious kitchen, all filled with nostalgic character that captures the essence of classic Colorado mountain living. Step outside and take in the breathtaking views and expansive land that provide endless possibilities for recreation or relaxation. Conveniently located just a short drive to Fairplay, with easy access to world-class skiing in Summit County and the amenities of Buena Vista, this property combines seclusion with accessibility. Whether you're seeking a peaceful retreat or a basecamp for adventure, this one-of-a-kind property is ready to be enjoyed.

Key facts

• Gated community
• National forest
• Breathtaking views

Tags

• GATED COMMUNITY
• NATIONAL FOREST
• DIRECT ACCESS TO OUTDOORS
• BREATHTAKING VIEWS
• EXPANSIVE LAND
• EASY ACCESS TO SKIING

Property features AI

Finance

• Other: Lot approximately 3.52 acres (Residential Rural zoning); Ownership listed as Corporation/Trust

Exterior

• Parking: 4 off-street parking spaces (4 parking total)
• Utilities: Well water; Septic tank sewer; Electricity to lot line; Phone available; Propane available; Public road frontage on a dirt, publicly maintained road
• Home design: Single-family residence; One story; Property unattached
• Construction: Frame construction with wood siding; Block foundation; Metal roof; Built as a house (structure type: House)
• Exterior features: Wrap-around deck; Many trees; Rolling slope

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Linoleum; Wood
• Heating & cooling: Wood stove heating
• Interior features: Furnished; Two wood-burning stoves (kitchen and living room)

What this means for you Summary

Snapshot

• This is a 2-bed/?-bath land listed at $185k.

Deal economics

• At list price, monthly cash flow is $486 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $179k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 2.8% in Fairplay — 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 (#56 in CO) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: commute D+, crime F, amenities F.
• Park County School District No. Re-2 (rural): math 25% / reading 39% proficiency, ranked #89 of 176 in CO (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Edith Teter Elementary School (math 15% / reading 34%, grade F, #604 of 966 statewide, top 63%, 211 students, 39% FRL); South Park Middle School (math 24% / reading 44%, grade F, #106 of 270 statewide, top 42%, 98 students, 36% FRL); South Park High School (math 10% / reading 70%, grade F, #167 of 381 statewide, top 46%, 124 students, 27% FRL) — zoned schools at 34% FRL track the district average.
• Market conditions: 352 active listings in the ZIP; high-income renter base; 144 units permitted in Park 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 $6k of value loss. Plan a longer hold.
• Park County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Recommended offer $179,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.21% ✓
• Cap rate: 9.44%
• Cash-on-cash: 11.25%
• DSCR: 1.50
• GRM: 6.9

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: 0.5%
• Equity multiple: 1.02×
• Total profit: $978
• Equity at exit: $27,584

10-year hold

• IRR: 10.2%
• Equity multiple: 1.79×
• Total profit: $40,807
• Equity at exit: $15,995

Cash invested: $51,800 (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 80440

• Home prices YoY: -28.1%
• Active inventory: 352
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,233 medium
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $486

Break-even live

Break-even rent $1,618

Max offer price $185,000

Occupancy floor 73%

Sensitivity live

Price	-10% $613	-5% $549	+0% $486	+5% $422	+10% $358
Rent	-10% $309	-5% $397	+0% $486	+5% $574	+10% $662
Rate	-1.0pp $579	-0.5pp $533	base $486	+0.5pp $438	+1.0pp $389

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-22
   days on market $185,000 Active 58 DOM
2. 2026-06-21
   days on market $185,000 Active 57 DOM
3. 2026-06-19
   days on market $185,000 Active 55 DOM
4. 2026-06-18
   days on market $185,000 Active 54 DOM
5. 2026-06-17
   days on market $185,000 Active 53 DOM
6. 2026-06-16
   days on market $185,000 Active 52 DOM
7. 2026-06-15
   days on market $185,000 Active 51 DOM
8. 2026-06-14
   days on market $185,000 Active 49 DOM
9. 2026-06-12
   days on market $185,000 Active 48 DOM
10. 2026-06-09
    days on market $185,000 Active 45 DOM
11. 2026-06-08
    days on market $185,000 Active 44 DOM
12. 2026-06-07
    days on market $185,000 Active 43 DOM
13. 2026-06-05
    days on market $185,000 Active 40 DOM
14. 2026-06-02
    days on market $185,000 Active 38 DOM
15. 2026-06-01
    days on market $185,000 Active 37 DOM
16. 2026-05-31
    days on market $185,000 Active 36 DOM
17. 2026-05-30
    days on market $185,000 Active 35 DOM
18. 2026-04-25
    listed $185,000 Active 982-char remark

    Show marketing remark (976 chars)

    Tucked away in the heart of Sportsman Valley, this rare offering features a charming dry cabin situated on four lots within a gated community and surrounded by National Forest-delivering unmatched privacy and direct access to the outdoors. A true sportsman's paradise, this property is ideal for hunting, fishing, hiking, and year-round adventure. The cabin offers 2 bedrooms, a cozy living area, and a spacious kitchen, all filled with nostalgic character that captures the essence of classic Colorado mountain living. Step outside and take in the breathtaking views and expansive land that provide endless possibilities for recreation or relaxation. Conveniently located just a short drive to Fairplay, with easy access to world-class skiing in Summit County and the amenities of Buena Vista, this property combines seclusion with accessibility. Whether you're seeking a peaceful retreat or a basecamp for adventure, this one-of-a-kind property is ready to be enjoyed.

19. 2026-04-25
    listed $185,000 Active 976-char remark

    Show marketing remark (976 chars)

    Tucked away in the heart of Sportsman Valley, this rare offering features a charming dry cabin situated on four lots within a gated community and surrounded by National Forest-delivering unmatched privacy and direct access to the outdoors. A true sportsman's paradise, this property is ideal for hunting, fishing, hiking, and year-round adventure. The cabin offers 2 bedrooms, a cozy living area, and a spacious kitchen, all filled with nostalgic character that captures the essence of classic Colorado mountain living. Step outside and take in the breathtaking views and expansive land that provide endless possibilities for recreation or relaxation. Conveniently located just a short drive to Fairplay, with easy access to world-class skiing in Summit County and the amenities of Buena Vista, this property combines seclusion with accessibility. Whether you're seeking a peaceful retreat or a basecamp for adventure, this one-of-a-kind property is ready to be enjoyed.

20. 2026-04-25
    listed $185,000 Active 976-char remark

    Show marketing remark (976 chars)

    Tucked away in the heart of Sportsman Valley, this rare offering features a charming dry cabin situated on four lots within a gated community and surrounded by National Forest-delivering unmatched privacy and direct access to the outdoors. A true sportsman's paradise, this property is ideal for hunting, fishing, hiking, and year-round adventure. The cabin offers 2 bedrooms, a cozy living area, and a spacious kitchen, all filled with nostalgic character that captures the essence of classic Colorado mountain living. Step outside and take in the breathtaking views and expansive land that provide endless possibilities for recreation or relaxation. Conveniently located just a short drive to Fairplay, with easy access to world-class skiing in Summit County and the amenities of Buena Vista, this property combines seclusion with accessibility. Whether you're seeking a peaceful retreat or a basecamp for adventure, this one-of-a-kind property is ready to be enjoyed.

ⓘ 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 4/10 Moderate
• 🌡 Heat 1/10 Low 9 d/yr ≥77°F today · 25 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: $26,795
• − Mortgage interest: −$10,363
• − Property taxes: −$2,775
• − Insurance: −$925
• − Repairs & maintenance: −$2,144
• − Management: −$2,144
• − Depreciation: −$5,382
• Taxable income: $3,063
• Est. tax owed @ 24.0%: −$735
• After-tax cash flow: $5,091/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: Park County School District No. Re-2
• NCES district ID: 0803840
• Math proficiency: 25% ▲ 6.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $51,367
• Composite: 30.72/100
• National rank: #11416
• State rank: #89 of 176 in CO

Livability — Fairplay

• Score: 73/100
• State rank: #56
• US rank: #5693

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Park County · 3,502 people
• City population: 3,502
• Metro: Denver-Aurora-Lakewood, CO
• Population (ZIP): 3,502
• Household income: $116,143
• Rent vs Own: 24.6% rent · 75.4% own
• Severe rent burden: 40.0

Population outlook (Park County) Hauer SSP2

• Today (2025): 17,411 people
• By 2030: 17,584 · +1.0%
• By 2040: 17,261 · -0.9%
• By 2050: 16,115 · -7.4%
• By 2075: 14,174 · -18.6%
• By 2100: 11,928 · -31.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 9% Two or more races 4% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 14% Romanian 6% Italian 6%
• Foreign-born: 2%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Park

• 2024 margin: R (+16.5) · D 40.2% · R 56.7% · Other 3.1%
• 2008→2024 swing: -9.6pp toward R · 2008: -6.9pp · 2024: -16.5pp
• All cycles: 2024: R+16.5 2020: R+17.0 2016: R+26.4 2012: R+15.1 2008: R+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -121.95%
• Current HPI: 311.6556
• Rent YoY: —
• Metro: Denver-Aurora-Lakewood, 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

+0.0% since first listed

3 events — show timeline

• 2026-04-25 Listed $185,000 SAR
• 2026-04-25 Listed $185,000 IRES
• 2026-04-25 Listed $185,000 REColorado as Distributed by MLS Grid

Property tax history

+12.8%/yr

Latest (2025): $365 · -41.3% YoY. Source: county tax records.