RentariIQby rentari.ai

Complete Property Report

1450 Pennsylvania Ave, Denver, CO 80203

Prepared Jul 24, 2026 Report ID RIQ-8F2C-0480 Subject 3 bed · 2 bath · 1,850 sqft 12 reports · Capitol Hill

Aerial · Google Maps

✦IQ Chief AnalystAn AI read across all 12 reports in this bundle

A strong-value, negative-cash-flow property — an appreciation and owner-occupant play, not a buy-and-hold cash-flow rental at today's rates.

The value ($685k) and the county assessment ($612k) agree on a fairly-taxed, appreciating Capitol Hill asset, and the rent comps are tight (82% confidence). But at a $685k basis with 25% down at 7%, monthly ownership costs run well above the $2,450 market rent — the cap rate is 2.9% and monthly cash flow is negative. Flood risk is minimal; budget for hail and radon per the hazard profile.

Where the reports agree

Value AVM ($685k) and the assessment ($612k) both point to an appreciating, fairly-assessed asset.
Rent comps are tight and recent — 82% confidence, six market listings within 0.6 mi.
Effective tax rate (0.49%) is low even for Colorado; little appeal upside.

Trade-offs to weigh

Negative monthly cash flow (~−$1,180) at 25% down / 7% — not a cash-flow rental at this price.
Hail risk is high (Denver "hail alley") and radon is elevated — factor insurance + mitigation.
Built 1908 — verify systems and any historic-district constraints before renovating.

Est. monthly rent

$2,450

Range $2,280–$2,690

Est. value

$685,000

Blended AVM · ±6%

Gross yield

4.3%

Cap rate 2.9%

Confidence

82%

6 comps · tight, recent

↓ The full 12-report analysis — comps, value, tax, cash-flow, maps, hazards and area facts — is below.

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Rent estimate & comps

Market rent

Weighted comps — distance × recency × similarity, winsorized. Source-labeled, never pooled.

RentCast + own leases

$2,450/mo

Weighted median rent · rescaled to 1,850 sqft

$2,280P25–P75$2,690

Confidence82%

Estimated rent · 8 quarterly runs

$2,180 · Q3'24+12.4% now

Comparable	Bd/Ba	Sqft	Dist.	Rent	Source
1112 Pearl St #3	3 / 2	1,780	0.2 mi	$2,525	Market listing
860 Corona St	3 / 1.5	1,690	0.3 mi	$2,350	Market listing
1425 Ogden St #B	3 / 2	1,910	0.4 mi	$2,700	Market listing
745 Washington St	3 / 2	1,840	0.5 mi	$2,480	Own lease
1201 Grant St #4	3 / 2	1,760	0.6 mi	$2,410	Market listing

Value opinion

Blended AVM

$685,000

Range $640,000–$730,000 (±6.6%)

Automated valuation: $698,400 ATTOM
Assessment-implied: $671,000
Price / sqft: $370
Last sale: $512,000 Mar 2019

ATTOM · county assessor

Property tax & appeal

Tax position

$3,340/yr

Effective rate 0.49% of estimated value

Assessed value: $612,000
Mill levy (est.): 74.6
vs. AVM: Fairly assessed
Appeal upside: Low

✓The assessment sits below the estimated value, so an over-assessment appeal is unlikely to succeed.

Cash-flow pro-forma

If you bought it as a rental

$685,000 · 25% down · 7.0% / 30-yr · market rent $2,450.

Negative cash flow

Gross rent	+$2,450
Principal & interest	−$3,417
Property tax	−$278
Insurance (hail-adj.)	−$155
Maintenance + vacancy	−$280
Net monthly cash flow	−$1,180

Cap rate: 2.9%
Cash-on-cash: −8.3%
Cash to close (est.): $171,250 + costs
Break-even rent: ≈ $3,630/mo
1% rule: 0.36% — misses

!At this price and rate the property does not cash-flow as a rental. It works as an appreciation or owner-occupant hold.

Market & rent trends

Denver metro

Median rent (metro): $1,985 +2.1% YoY
Home values: +3.4% YoY
Days on market: 31 median
Momentum: Steady

Flood & natural hazard

Site risk

FEMA Zone X — minimal flood risk

HailDenver "hail alley"High

RadonCO zone 1Elevated

WildfireFront Range WUIModerate

SeismicUSGS designLow

Location & context

On the map

The subject and its Capitol Hill surroundings — transit, parks and everyday retail nearby.

Google Maps

1450 Pennsylvania Ave · Denver

Schools & neighborhood — facts only

Objective area facts

Named public facts only — no ratings, safety, or "quality" scores of any kind.

NCES · Census · OSM

Public school	Level	Grades	Enrollment	District
Dora Moore ECE-8	Elem / Middle	PK–8	470	Denver Public Schools
Morey Middle School	Middle	6–8	560	Denver Public Schools
East High School	High	9–12	2,480	Denver Public Schools

Fair-housing safe by design: inputs are objective facilities and public records. No protected-class signals, no neighborhood "quality," crime, or school-rating scores are used or shown.