6705 S Santa Fe Dr · Littleton, CO 80120

$179,000

3 bd · 5.0 ba · 756 sqft · Land public records · 11 Days on market

Built 2011

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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 +27.8/30.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 2-bath home on a rare find, a cul-de-sac lot in Meadowood! This well-maintained home offers comfortable living both inside and out. Step into a spacious kitchen with wood cabinetry, ample counter space, and a skylight that brings in beautiful natural light. The open layout flows into the dining and living areas, creating a cozy space for everyday living or entertaining. Stay cool this summer with the new evaporative cooler. This home has an ideal layout with the primary bedroom on the opposite side of the other two bedrooms. The recently remodeled primary suite is a true retreat with vaulted ceilings, a ceiling fan, and an expansive ensuite bath featuring dual vanities, generous built-in storage, and a large step in shower with upgraded tile to the ceiling and built-in shelving. The two additional bedrooms provide flexibility for guests, office, or hobbies. The second bathroom, also remodeled, has a beautifully tiled walk-in shower with grab bars for added accessibility. Love your outdoor living area with a large concrete patio perfect for relaxing or hosting friends for a BBQ—as well as your side yard with mature trees and two sheds for extra storage. The extended driveway offers plenty of parking. Enjoy your community amenities including Clubhouse, Horseshoes and RV Parking. Easy access to downtown Littleton, Aspen Grove, Breckenridge Brewery and Hudson Gardens Event Center are conveniently located blocks away so take advantage of shopping, restaurants and Alamo Drafthouse Theater. Take a walk at the South Platte River and nature trails. This community is right off of Santa Fe close to C470!

Key facts

• Upgrades
• Split floorplan
• South facing

Tags

• SPLIT FLOORPLAN
• UPGRADES
• OPEN FLOOR PLAN DESIGN
• VAULTED CEILINGS
• CENTRAL AIR AND HEATING
• SOUTH FACING

What this means for you Summary

Snapshot

• This is a 3-bed/5.0-bath land listed at $179k.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Cap rate 10.0% vs local median 2.2% in Littleton — 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 69/100 on livability (#95 in CO) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A-; Watch: cost of living F, health & safety F.
• Littleton School District No. 6 In The County Of Arapahoe (suburban): math 50% / reading 69% proficiency, ranked #5 of 86 in CO (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: Rents soft (-0.9%/yr); 155 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,927 units permitted in Arapahoe County in 2024 (1,525 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 $5k of value loss. Plan a longer hold.
• Arapahoe County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 23 sale attempts since 15y 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.
• Current owner paid $52k; list at $179k implies a 248% gain — meaningful room to come down on a strong offer.

Recommended offer $179,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 1.26% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.09%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-768
• Equity at exit: $26,689

10-year hold

• IRR: 5.8%
• Equity multiple: 1.37×
• Total profit: $18,735
• Equity at exit: $15,477

Cash invested: $50,120 (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 80120

• Rents YoY: -0.9%
• Active inventory: 155
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,258 high
• Mortgage (P&I): −$939
• Tax est. 1.5%: −$224 /mo · $2,685/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $547

Break-even live

Break-even rent $1,566

Max offer price $179,000

Occupancy floor 71%

Sensitivity live

Price	-10% $670	-5% $609	+0% $547	+5% $485	+10% $423
Rent	-10% $368	-5% $458	+0% $547	+5% $636	+10% $725
Rate	-1.0pp $637	-0.5pp $592	base $547	+0.5pp $500	+1.0pp $453

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6419 S Vinewood St Littleton, CO	1.0–3.0	1.0–2.0	932	$2,615	$2.80	3d	9	0.27mi
7317 S Platte River Pkwy Littleton, CO	1.0–3.0	1.0–2.0	1076	$3,108	$2.89	3d	20	0.75mi
5754 S Lowell Way Littleton, CO	1.0–2.0	1.0–2.0	1053	$1,795	$1.70	3d	5	1.29mi
5820 S Windermere St Littleton, CO	2.0	1.0–2.0	639	$1,780	$2.79	3d	10	1.36mi
5625 S Sycamore St Littleton, CO	2.0	2.0	1000	$1,795	$1.79	4d	2	1.36mi
5580 S Curtice St Unit C Littleton, CO	2.0	1.0	768	$1,650	$2.15	3d	1	1.38mi
5967 S Gallup St Littleton, CO	1.0–2.0	1.0	750	$1,609	$2.15	3d	5	1.38mi
5907 S Gallup St Littleton, CO	2.0	2.0	975	$1,824	$1.87	3d	2	1.42mi

Listing history 7 events

1. 2026-06-21
   days on market $179,000 Active 11 DOM
2. 2026-06-18
   days on market $179,000 Active 8 DOM
3. 2026-06-17
   pricedays on market $179,000 Active 7 DOM
4. 2026-06-16
   days on market $185,000 Active 6 DOM
5. 2026-06-15
   days on market $185,000 Active 5 DOM
6. 2026-06-13
   remarks 695-char remark
7. 2026-06-13
   listed $185,000 Active 3 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $27,095
• − Mortgage interest: −$10,027
• − Property taxes: −$2,685
• − Insurance: −$895
• − Repairs & maintenance: −$2,168
• − Management: −$2,168
• − Depreciation: −$5,207
• Taxable income: $3,946
• Est. tax owed @ 24.0%: −$947
• After-tax cash flow: $5,614/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: Littleton School District No. 6 In The County Of Arapahoe
• NCES district ID: 0805310
• Math proficiency: 50% ▼ -3.00%
• Reading proficiency: 69% ▲ 3.00%
• Median HH income: $72,130
• Composite: 52.7/100
• National rank: #1551
• State rank: #5 of 86 in CO

Livability — Littleton

• Score: 69/100
• State rank: #95
• US rank: #8386

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Littleton, CO
• County: Arapahoe County · 715,018 people
• City population: 126,616
• Metro: Denver-Aurora-Lakewood, CO
• Population (ZIP): 29,725
• Household income: $94,296
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 1527.0

Population outlook (Arapahoe County) Hauer SSP2

• Today (2025): 757,407 people
• By 2030: 819,724 · +8.2%
• By 2040: 940,367 · +24.2%
• By 2050: 1,053,720 · +39.1%
• By 2075: 1,297,693 · +71.3%
• By 2100: 1,412,796 · +86.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 12% Two or more races 8% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Italian 6% Slovak 4% Romanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Arapahoe

• 2024 margin: Strong D (+20.1) · D 58.6% · R 38.5% · Other 2.9%
• 2008→2024 swing: +7.2pp toward D · 2008: 12.9pp · 2024: 20.1pp
• All cycles: 2024: D+20.1 2020: D+24.6 2016: D+13.8 2012: D+8.3 2008: D+12.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -478.26%
• Current HPI: 272.6876
• Rent YoY: ▼ -0.95%
• 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

+400.0% since first listed

79 events — show timeline

• 2026-06-11 Listed $185,000 FSBO.com
• 2025-10-30 Sold (MLS) $51,500 REColorado as Distributed by MLS Grid
• 2025-10-20 Pending — REColorado as Distributed by MLS Grid
• 2025-10-08 Price Changed $70,000 REColorado as Distributed by MLS Grid
• 2025-09-12 Relisted — REColorado as Distributed by MLS Grid
• 2025-09-07 Pending — REColorado as Distributed by MLS Grid
• 2025-09-01 Price Changed $75,000 REColorado as Distributed by MLS Grid
• 2025-07-23 Listed $80,000 REColorado as Distributed by MLS Grid
• 2025-05-22 Sold (MLS) $130,000 REColorado as Distributed by MLS Grid
• 2025-05-20 Pending — REColorado as Distributed by MLS Grid
• 2025-05-14 Sold (MLS) $120,000 REColorado as Distributed by MLS Grid
• 2025-05-13 Sold (MLS) $54,700 REColorado as Distributed by MLS Grid
• 2025-05-08 Pending — REColorado as Distributed by MLS Grid
• 2025-04-14 Pending — REColorado as Distributed by MLS Grid
• 2025-03-30 Listed $48,000 REColorado as Distributed by MLS Grid
• 2025-03-30 Listed $129,000 REColorado as Distributed by MLS Grid
• 2025-03-20 Listed $150,000 REColorado as Distributed by MLS Grid
• 2025-03-14 Sold (MLS) $25,000 REColorado as Distributed by MLS Grid
• 2025-02-26 Pending — REColorado as Distributed by MLS Grid
• 2025-02-24 Sold (MLS) $110,000 REColorado as Distributed by MLS Grid
• 2025-01-25 Pending — REColorado as Distributed by MLS Grid
• 2025-01-22 Price Changed $34,000 REColorado as Distributed by MLS Grid
• 2024-11-04 Price Changed $109,000 REColorado as Distributed by MLS Grid
• 2024-10-01 Listing Removed — REColorado as Distributed by MLS Grid
• 2024-09-28 Listed $38,000 REColorado as Distributed by MLS Grid
• 2024-09-26 Listed $110,000 REColorado as Distributed by MLS Grid
• 2024-09-18 Listing Removed — REColorado as Distributed by MLS Grid
• 2024-09-11 Price Changed $139,000 REColorado as Distributed by MLS Grid
• 2024-09-05 Price Changed $119,000 REColorado as Distributed by MLS Grid
• 2024-08-26 Price Changed $149,000 REColorado as Distributed by MLS Grid
• 2024-08-04 Price Changed $125,000 REColorado as Distributed by MLS Grid
• 2024-07-26 Price Changed $179,900 REColorado as Distributed by MLS Grid
• 2024-07-17 Price Changed $184,900 REColorado as Distributed by MLS Grid
• 2024-07-08 Listed $189,000 REColorado as Distributed by MLS Grid
• 2024-07-02 Sold (MLS) $96,500 REColorado as Distributed by MLS Grid
• 2024-06-26 Pending — REColorado as Distributed by MLS Grid
• 2024-05-19 Price Changed $132,000 REColorado as Distributed by MLS Grid
• 2024-04-29 Sold (MLS) $105,000 REColorado as Distributed by MLS Grid
• 2024-04-04 Pending — REColorado as Distributed by MLS Grid
• 2024-04-03 Listed $137,000 REColorado as Distributed by MLS Grid
• 2024-03-22 Price Changed $110,000 REColorado as Distributed by MLS Grid
• 2024-03-19 Listed $110,000 REColorado as Distributed by MLS Grid
• 2024-03-14 Price Changed $129,000 REColorado as Distributed by MLS Grid
• 2024-01-19 Listed $132,000 REColorado as Distributed by MLS Grid
• 2024-01-19 Coming Soon $132,000 REColorado as Distributed by MLS Grid
• 2023-05-04 Sold (MLS) $42,500 REColorado as Distributed by MLS Grid
• 2023-04-22 Pending — REColorado as Distributed by MLS Grid
• 2023-04-07 Price Changed $50,000 REColorado as Distributed by MLS Grid
• 2023-03-22 Sold (MLS) $94,700 REColorado as Distributed by MLS Grid
• 2023-03-09 Listed $75,000 REColorado as Distributed by MLS Grid
• 2023-03-09 Coming Soon $75,000 REColorado as Distributed by MLS Grid
• 2023-02-13 Pending — REColorado as Distributed by MLS Grid
• 2023-02-09 Listed $100,000 REColorado as Distributed by MLS Grid
• 2022-12-20 Listing Removed — REColorado as Distributed by MLS Grid
• 2022-11-03 Sold (MLS) $35,000 REColorado as Distributed by MLS Grid
• 2022-10-26 Pending — REColorado as Distributed by MLS Grid
• 2022-10-26 Listed $75,000 REColorado as Distributed by MLS Grid
• 2022-10-26 Coming Soon — REColorado as Distributed by MLS Grid
• 2022-10-14 Relisted — REColorado as Distributed by MLS Grid
• 2022-10-08 Pending — REColorado as Distributed by MLS Grid
• 2022-10-04 Listed $52,000 REColorado as Distributed by MLS Grid
• 2022-08-15 Sold (MLS) $110,000 REColorado as Distributed by MLS Grid
• 2022-07-15 Pending — REColorado as Distributed by MLS Grid
• 2022-06-16 Listed $120,000 REColorado as Distributed by MLS Grid
• 2021-09-01 Sold (MLS) $135,000 REColorado as Distributed by MLS Grid
• 2021-08-21 Pending — REColorado as Distributed by MLS Grid
• 2021-08-17 Listed $135,000 REColorado as Distributed by MLS Grid
• 2020-08-19 Listing Removed — REColorado as Distributed by MLS Grid
• 2020-07-16 Price Changed $109,000 REColorado as Distributed by MLS Grid
• 2020-06-17 Price Changed $130,000 REColorado as Distributed by MLS Grid
• 2020-06-08 Listing Removed — REColorado as Distributed by MLS Grid
• 2020-05-25 Price Changed $110,000 REColorado as Distributed by MLS Grid
• 2020-05-25 Relisted — REColorado as Distributed by MLS Grid
• 2020-05-18 Listing Removed — REColorado as Distributed by MLS Grid
• 2020-05-15 Listed $135,000 REColorado as Distributed by MLS Grid
• 2020-05-14 Price Changed $120,000 REColorado as Distributed by MLS Grid
• 2020-05-14 Listed $120 REColorado as Distributed by MLS Grid
• 2011-03-24 Listing Removed — REColorado as Distributed by MLS Grid
• 2011-02-25 Listed $37,000 REColorado as Distributed by MLS Grid

Property tax history

+26.1%/yr

Latest (2019): $27,503 · +47.4% YoY. Source: county tax records.