47386 Lily Ave · Bennett, CO 80102

$420,000

3 bd · 2.0 ba · 1,490 sqft · SingleFamily public records · 23 Days on market

Built 2018 6,202 sqft lot Est $410k · at est. $52/mo HOA · 2% of rent

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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).

• Appreciation +10.0/10.0
• Cash flow +8.1/30.0
• ARV discount +6.4/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +2.1/10.0
• Schools +2.1/10.0

Listing remarks MLS

Welcome to easy one-level living in the heart of Bennett Crossing, where neighborhood comfort and everyday convenience come together beautifully. This 3-bedroom, 2-bath ranch-style home offers 1,490 finished square feet with an open, practical layout designed for real life-whether that means quiet evenings at home, weekend gatherings, or keeping the daily routine running smoothly. Built in 2018, the home delivers the benefits of newer construction with a comfortable single-level floor plan, an attached 2-car garage, and a manageable yard that gives you outdoor space without creating a second job. One of the standout features is the location within the community. With neighborhood park and playground amenities nearby, this home offers the kind of setting buyers love: a place where kids can play, neighbors can connect, and outdoor time is easy to work into the day. Picnic areas, green space, and community amenities help create a welcoming feel that goes beyond the walls of the home. It is the kind of neighborhood where an evening walk or a quick trip to the playground can become part of the lifestyle-not an item on the calendar. Bennett continues to attract buyers looking for a quieter small-town atmosphere while still wanting access to modern conveniences. Nearby grocery, gas, dining, schools, parks, and commuter routes make day-to-day living simple, while the location offers reasonable access to I-70, DIA, Aurora, and the Denver metro area. Whether you are looking for your first home, simplifying into a ranch-style layout, or searching for a community-oriented setting with room to enjoy Colorado's open skies, this home checks the boxes. Comfortable, convenient, and set near the neighborhood amenities that make a house feel like home-47386 Lily Avenue is ready for its next chapter.

Key facts

• Playground amenities
• Community amenities
• Outdoor space

Tags

• ONE LEVEL LIVING
• NEIGHBORHOOD PARK
• PLAYGROUND AMENITIES
• OUTDOOR SPACE
• COMMUNITY AMENITIES
• REASONABLE ACCESS TO I-70

Property features AI

Finance

• HOA & community: Homeowners association managed by Homestead Management Corp; Professionally managed; Monthly HOA fee of $52 ($624 annually); HOA includes grounds maintenance, recycling, snow removal, and trash; Community amenities: park, playground

Exterior

• Parking: Attached 2-car garage; Total 2 parking spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Wired internet access
• Home design: Single-family residence; One story; North-facing; Live/work compatible; Property unattached
• Construction: Cement siding, wood siding, frame, and rock exterior materials; Composition roof
• Exterior features: Private yard; Rain gutters; Front porch; Level lot (grassed)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Pantry; Laminate countertops
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Built-in features; Ceiling fan(s); High-speed internet; Laminate countertops; Open floorplan; Pantry; Primary suite; Walk-in closet(s); No stairs
• Laundry & utility: In-unit laundry (washer and dryer included)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $420k.

Deal economics

• At list price, monthly cash flow is $-417 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $346k (17.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $300k (28.6% below list).
• Recommended offer: $300k (28.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#263 in CO) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime A-; Watch: cost of living D+, amenities F, commute F.
• Bennett School District No. 29J (rural): math 13% / reading 31% proficiency, ranked #69 of 86 in CO (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bennett Preschool (71 students, 11% FRL); Bennett Middle School (math 8% / reading 42%, grade F, #168 of 270 statewide, top 63%, 304 students, 38% FRL); Bennett High School (math 22% / reading 47%, grade F, #209 of 381 statewide, top 56%, 427 students, 25% FRL) — zoned schools at 25% FRL track the district average.
• Market conditions: 213 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,299 units permitted in Adams County in 2024 (343 in 5+ unit buildings).

Forward outlook

• In year one you build about $45k of equity ($3k loan paydown + $42k appreciation (10.0% local appreciation)).
• Adams County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$72k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($414k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 8y 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: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $300,000 (28.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.71% ✗
• Cap rate: 5.10%
• Cash-on-cash: -4.25%
• DSCR: 0.81
• GRM: 11.7

CMA / ARV

• ARV (on-the-fly): $409,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
47385 Lily Ave	0.03mi	3/2.0	1,490 (0%)	4mo	$397,500	$267	95
47349 Lily Ave	0.08mi	3/2.0	1,490 (0%)	4mo	$415,000	$279	92
319 Walnut St	0.18mi	3/2.0	1,490 (0%)	1mo	$425,000	$285	91
46577 Sunflower Ln	0.62mi	3/3.0	1,464 (-2%)	3mo	$389,999	$266	62
46585 Sunflower Ln	0.61mi	3/3.0	1,464 (-2%)	4mo	$383,490	$262	61
220 Mckinley Dr	0.75mi	4/2.0 (+1)	1,482 (-0%)	2mo	$325,000	$219	57
845 Madison Way	0.69mi	3/2.0	1,380 (-7%)	4mo	$378,900	$275	52
46526 Avery Ln	0.69mi	3/2.0	1,643 (+10%)	3mo	$419,990	$256	48
46570 Avery Ln	0.65mi	3/3.0	1,643 (+10%)	4mo	$404,999	$246	45
46506 Avery Ln	0.71mi	3/3.0	1,311 (-12%)	0mo	$377,605	$288	43
46514 Avery Ln	0.70mi	3/3.0	1,311 (-12%)	1mo	$370,000	$282	42
46534 Avery Ln	0.69mi	3/3.0	1,311 (-12%)	3mo	$359,990	$275	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.3%
• Equity multiple: 2.72×
• Total profit: $202,172
• Equity at exit: $378,369

10-year hold

• IRR: 19.2%
• Equity multiple: 6.24×
• Total profit: $616,186
• Equity at exit: $815,968

Cash invested: $117,600 (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 80102

• Home prices YoY: 3.1%
• Active inventory: 213
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $3,000 medium
• Mortgage (P&I): −$2,203
• Tax from tax record: −$357 /mo · $4,287/yr
• Insurance: −$175
• HOA: −$52
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $-417

Break-even live

Break-even rent $3,528

Max offer price $346,373

Occupancy floor —

Sensitivity live

Price	-10% $-179	-5% $-298	+0% $-417	+5% $-536	+10% $-655
Rent	-10% $-654	-5% $-535	+0% $-417	+5% $-298	+10% $-180
Rate	-1.0pp $-205	-0.5pp $-310	base $-417	+0.5pp $-526	+1.0pp $-636

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: $105,000
• Closing costs: $12,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
239 Adams St Bennett, CO	3.0	2.5	1653	$3,000	$1.81	26d	1	0.18mi

HOA detail

• Monthly dues: $52 · $624/yr
• Likely covers: gas

Listing history 15 events

1. 2026-06-21
   days on market $420,000 Active 23 DOM
2. 2026-06-18
   days on market $420,000 Active 20 DOM
3. 2026-06-17
   days on market $420,000 Active 19 DOM
4. 2026-06-16
   days on market $420,000 Active 18 DOM
5. 2026-06-15
   days on market $420,000 Active 17 DOM
6. 2026-06-13
   days on market $420,000 Active 15 DOM
7. 2026-06-13
   days on market $420,000 Active 14 DOM
8. 2026-06-09
   days on market $420,000 Active 11 DOM
9. 2026-06-08
   days on market $420,000 Active 10 DOM
10. 2026-06-07
    days on market $420,000 Active 9 DOM
11. 2026-06-04
    days on market $420,000 Active 6 DOM
12. 2026-06-03
    days on market $420,000 Active 5 DOM
13. 2026-06-02
    days on market $420,000 Active 4 DOM
14. 2026-06-01
    days on market $420,000 Active 3 DOM
15. 2026-05-31
    days on market $420,000 Active 2 DOM

ⓘ 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: $4,287 · $357/mo
• Projected year-2 tax: $4,287 · $357/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 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,000
• − Mortgage interest: −$23,527
• − Property taxes: −$4,287
• − Insurance: −$2,100
• − Repairs & maintenance: −$2,880
• − Management: −$2,880
• − HOA: −$624
• − Depreciation: −$12,218
• Taxable loss: −$12,516
• Est. tax savings @ 24.0%: +$3,004
• After-tax cash flow: $-1,998/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: Bennett School District No. 29J
• NCES district ID: 0802430
• Math proficiency: 13% ▼ -10.00%
• Reading proficiency: 31% ▼ -9.00%
• Median HH income: $69,795
• Composite: 21.39/100
• National rank: #8353
• State rank: #69 of 86 in CO

Livability — Bennett

• Score: 59/100
• State rank: #263
• US rank: #19691

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bennett, CO
• City population: 5,994
• Population (ZIP): 5,994

Population outlook (Adams County) Hauer SSP2

• Today (2025): 598,184 people
• By 2030: 651,880 · +9.0%
• By 2040: 759,778 · +27.0%
• By 2050: 862,889 · +44.3%
• By 2075: 1,085,994 · +81.5%
• By 2100: 1,211,318 · +102.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 21% Two or more races 11% Black 2%
• Hispanic origin (detail): Mexican 17% Puerto Rican 1%
• Common ancestry: Serbian 4% Italian 3% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 87% English-only · Spanish 10% German/W. Germanic 1% Chinese 1%

Political lean MEDSL · Adams

• 2024 margin: Lean D (+9.0) · D 53.2% · R 44.1% · Other 2.7%
• 2008→2024 swing: -9.3pp toward R · 2008: 18.4pp · 2024: 9.0pp
• All cycles: 2024: D+9.0 2020: D+16.3 2016: D+7.2 2012: D+15.1 2008: D+18.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.94%
• Current HPI: 494.39
• Rent YoY: —
• Metro: —
• 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

+16.7% since first listed

23 events — show timeline

• 2026-05-29 Listed $420,000 REColorado as Distributed by MLS Grid
• 2026-05-29 Listed $420,000 IRES
• 2022-07-20 Sold (Public Records) $440,000 Public Records
• 2022-07-11 Sold (MLS) $440,000 REColorado as Distributed by MLS Grid
• 2022-07-11 Sold (MLS) $440,000 IRES
• 2022-06-12 Pending — REColorado as Distributed by MLS Grid
• 2022-06-09 Listed $440,000 REColorado as Distributed by MLS Grid
• 2022-06-09 Listed $440,000 IRES
• 2021-09-11 Listing Removed — REColorado as Distributed by MLS Grid
• 2021-09-08 Relisted — REColorado as Distributed by MLS Grid
• 2021-08-31 Pending — REColorado as Distributed by MLS Grid
• 2021-08-31 Listing Removed — IRES
• 2021-08-25 Listed $415,000 IRES
• 2021-08-25 Listed $415,000 REColorado as Distributed by MLS Grid
• 2018-11-09 Sold (MLS) $352,900 REColorado as Distributed by MLS Grid
• 2018-10-08 Pending — REColorado as Distributed by MLS Grid
• 2018-10-05 Price Changed $352,900 REColorado as Distributed by MLS Grid
• 2018-08-07 Relisted — REColorado as Distributed by MLS Grid
• 2018-07-23 Pending — REColorado as Distributed by MLS Grid
• 2018-07-20 Price Changed $364,900 REColorado as Distributed by MLS Grid
• 2018-07-16 Relisted — REColorado as Distributed by MLS Grid
• 2018-06-22 Listing Removed — REColorado as Distributed by MLS Grid
• 2018-06-22 Listed $359,900 REColorado as Distributed by MLS Grid

Property tax history

+171.8%/yr

Latest (2025): $4,287 · -8.2% YoY. Source: county tax records.