3150 S Platte River Dr · Englewood, CO 80110

$50,000

2 bd · 2.0 ba · 1,313 sqft · Land public records · 197 Days on market

Built 1971

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Great Mobile Home, everything has been updated. 2 bed 1 bath home located in Sunset Manufactured Homes Community near River Point! This beautiful house has a new bathroom, new vinyl flooring, new siding, new electrical wiring, and a new roof! The kitchen has contemporary cabinets with plenty of storage and stainless steel appliances. Bonus 2 parking spaces! Washer and dryer included in the back of the unit. Located just off Santa Fe with quick access to the Littleton Light Rail Station. Easy access to US HWY 285 for hiking and skiing and right next to shopping and dining. Also nearby is the Broken Tee Golf Course, Mary Carter Greenway Trail and the River Point Shopping Center. Call or text

Key facts

• New bathroom
• New siding
• New roof

Tags

• NEW BATHROOM
• NEW VINYL FLOORING
• NEW SIDING
• NEW ELECTRICAL WIRING
• NEW ROOF
• CONTEMPORARY CABINETS

Property features AI

Finance

• HOA & community: Located in Sunset Manufactured Homes park; Association is professionally managed; Association contact: 303-781-5478; Land lease of $1,000 monthly (lease expires December 31, 2026)

Exterior

• Parking: 2 off-street parking spaces (2 total)
• Utilities: Public water; Public sewer
• Home design: Manufactured in park (Mobile Home); Individual ownership; Entry level: Main
• Construction: Frame construction; Composition roof; 50 ft by 12 ft mobile home
• Exterior features: Covered front porch

Interior

• Kitchen: Range; Refrigerator; Granite counters
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate
• Bathrooms: 1 three-quarter bathroom on the main level
• Heating & cooling: Forced air heating; Evaporative cooling
• Interior features: Granite counters
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $50k.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 42.4% vs local median 2.9% in Englewood — 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 74/100 on livability (#39 in CO, #4,833 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A; Watch: crime F, cost of living F.
• Sheridan School District No. 2 (suburban): math 4% / reading 20% proficiency, ranked #85 of 86 in CO (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Fort Logan Northgate (math 4% / reading 18%, grade F, #242 of 270 statewide, top 90%, 398 students, 95% FRL); Sheridan High School (math 8% / reading 27%, grade F, #340 of 381 statewide, top 90%, 326 students, 90% FRL).
• Market conditions: Rents soft (-0.8%/yr); 106 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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).
• This rent runs 33% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $14k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 197 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $44,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 197 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 1971 — 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 D-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 4.69% ✓
• Cap rate: 42.42%
• Cash-on-cash: 129.03%
• DSCR: 6.74
• GRM: 1.8

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: —
• Equity multiple: 6.78×
• Total profit: $80,940
• Equity at exit: $7,455

10-year hold

• IRR: —
• Equity multiple: 12.97×
• Total profit: $167,543
• Equity at exit: $4,323

Cash invested: $14,000 (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 80110

• Rents YoY: -0.8%
• Active inventory: 106
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $2,343 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $1,505

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 31%

Sensitivity live

Price	-10% $1,540	-5% $1,523	+0% $1,505	+5% $1,488	+10% $1,471
Rent	-10% $1,320	-5% $1,413	+0% $1,505	+5% $1,598	+10% $1,690
Rate	-1.0pp $1,530	-0.5pp $1,518	base $1,505	+0.5pp $1,492	+1.0pp $1,479

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3400 S Platte River Dr Englewood, CO	1.0–2.0	1.0–2.0	911	$1,935	$2.12	2d	19	0.26mi
3021 S Galapago St Englewood, CO	2.0	1.0–2.5	1061	$3,119	$2.94	2d	13	0.37mi
801 Englewood Pkwy Englewood, CO	1.0–3.0	1.0–2.0	1015	$2,084	$2.05	2d	42	0.39mi
3401 S Quivas St Englewood, CO	3.0	2.0	1476	$2,800	$1.90	25d	1	0.42mi
2885 S Fox Ct Englewood, CO	2.0	2.5	1200	$2,750	$2.29	25d	1	0.51mi
3068 S Delaware St Englewood, CO	3.0	2.0	1152	$2,600	$2.26	24d	1	0.55mi
3595 S Jason St Englewood, CO	2.0	1.0–2.0	883	$3,018	$3.42	2d	34	0.55mi
3261 S Bannock St Englewood, CO	3.0	1.0	1060	$2,250	$2.12	17d	1	0.63mi
2024 W Hamilton Pl Englewood, CO	2.0	1.0	960	$1,700	$1.77	25d	1	0.65mi
2948 S Cherokee St Englewood, CO	3.0	2.0	1321	$2,895	$2.19	5d	1	0.66mi
2755 S Delaware St Englewood, CO	3.0	2.0	961	$2,350	$2.45	5d	1	0.73mi
2820 S Acoma St Englewood, CO	2.0	1.0	1140	$2,395	$2.10	5d	1	0.84mi
3477 S Bryant St Englewood, CO	3.0	1.0	1110	$2,595	$2.34	25d	1	0.94mi
3650 S Broadway Englewood, CO	3.0	1.0–2.0	1025	$2,549	$2.49	2d	1	0.97mi
3962 S Cherokee St Englewood, CO	2.0	1.0	1076	$2,121	$1.97	15d	1	1.14mi
3539 S Pennsylvania St Englewood, CO	2.0	2.5	1413	$3,095	$2.19	25d	1	1.16mi
2155 W Baltic Pl Englewood, CO	3.0	1.0	954	$2,195	$2.30	4d	1	1.32mi
3139 S Emerson St Englewood, CO	3.0	2.0	1760	$3,249	$1.85	25d	1	1.32mi
4064 S Broadway Englewood, CO	2.0	1.0	900	$1,400	$1.56	5d	1	1.36mi
3444 S Emerson St Englewood, CO	3.0	1.0–2.0	820	$3,371	$4.11	2d	129	1.39mi
3171 W Girard Ave Englewood, CO	2.0	1.0–2.0	863	$1,576	$1.83	25d	1	1.41mi
4285 S Delaware St Englewood, CO	3.0	2.0	1600	$2,595	$1.62	5d	1	1.47mi

Listing history 18 events

1. 2026-06-18
   days on market $50,000 Active 197 DOM
2. 2026-06-17
   days on market $50,000 Active 196 DOM
3. 2026-06-16
   days on market $50,000 Active 195 DOM
4. 2026-06-15
   days on market $50,000 Active 194 DOM
5. 2026-06-13
   days on market $50,000 Active 192 DOM
6. 2026-06-09
   days on market $50,000 Active 188 DOM
7. 2026-06-08
   days on market $50,000 Active 187 DOM
8. 2026-06-07
   days on market $50,000 Active 186 DOM
9. 2026-06-04
   days on market $50,000 Active 183 DOM
10. 2026-06-03
    days on market $50,000 Active 182 DOM
11. 2026-06-02
    days on market $50,000 Active 181 DOM
12. 2026-06-01
    days on market $50,000 Active 180 DOM
13. 2026-05-31
    days on market $50,000 Active 179 DOM
14. 2026-04-15
    price $50,000
15. 2025-12-03
    listed $60,000 Active
16. 1999-02-19
    soldstatus $700,000
17. 1995-02-02
    soldstatus $550,000
18. 1994-08-15
    soldstatus $320,000

ⓘ 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 6/10 Major FEMA zone X (shaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,114
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$2,249
• − Management: −$2,249
• − Depreciation: −$1,455
• Taxable income: $18,360
• Est. tax owed @ 24.0%: −$4,406
• After-tax cash flow: $13,657/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: Sheridan School District No. 2
• NCES district ID: 0806540
• Math proficiency: 4% ▼ -6.00%
• Reading proficiency: 20% ▲ 1.00%
• Median HH income: $37,378
• Composite: 10.01/100
• National rank: #9810
• State rank: #85 of 86 in CO

Livability — Englewood

• Score: 74/100
• State rank: #39
• US rank: #4833

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, CO
• County: Arapahoe County · 715,018 people
• Metro: Denver-Aurora-Lakewood, CO
• Population (ZIP): 23,825
• Household income: $85,900
• Rent vs Own: 42.5% rent · 57.5% own
• Severe rent burden: 773.0

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: Majority White (62%)
• Race & ethnicity: White 62% Hispanic / Latino 26% Two or more races 12% Black 4% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Italian 3% Lithuanian 2% Portuguese 2%
• Foreign-born: 8% · Canada, Vietnam, China
• Languages at home: 81% English-only · Spanish 13% Other Indo-European 2% Other Asian/Pacific 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: ▼ -548.46%
• Current HPI: 296.0714
• Rent YoY: ▼ -0.85%
• 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

-84.4% since first listed

5 events — show timeline

• 2026-04-15 Price Changed $50,000 REColorado as Distributed by MLS Grid
• 2025-12-03 Listed $60,000 REColorado as Distributed by MLS Grid
• 1999-02-19 Sold (Public Records) $700,000 Public Records
• 1995-02-02 Sold (Public Records) $550,000 Public Records
• 1994-08-15 Sold (Public Records) $320,000 Public Records

Property tax history

+11.4%/yr

Latest (2025): $9,751 · +1.4% YoY. Source: county tax records.