Denver vs Colorado Springs vs Pueblo Investing

People ask all the time about investing outside of Denver in Colorado Springs or Pueblo. So, we decided to put together an analysis of nine properties across the three different markets. Charles Roberts has researched and toured properties in Pueblo and Colorado Springs. And, of course, Denver. View all the numbers at https://www.DenverInvestmentRealEstate.com/podcast55

People ask all the time about other markets in Colorado. So, we decided to put together an analysis of properties across the three different markets. Charles Roberts has researched and toured properties in Pueblo and Colorado Springs. And, of course, Denver.

Here’s what the webinar focuses on:

  • Brief market statistics for each market (Watch / listen to the recording for market stats and details)
  • An analysis of properties from each market.

Note: Listen to the podcast or watch the YouTube video (at the bottom of this post) recording for all the details and commentary.

If you have any questions or want to explore or buy investment property in Denver, Colorado Springs, or Pueblo, then reach out to us.

YouTube Recording of Webinar

Pueblo Real Estate Investing Analysis

700 Wilson Ave – Duplex

Property Address 700 Wilson Ave.
Number of Units 2
Down Payment Percentage 25%
Purchase Price 234000
Acquisition Costs 2000
Loan Costs 1395
Down Payment 58500
Mortgage Balance 175500
Initial Repair Costs 2000
Total Initial Investment 63895
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1250
Unit #2 900
Unit #3
Unit #4
Total Rental Income 2150
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 711
Property Insurance 1200
Property Management
Repairs and Maintenance 1200
Utilities (If paid by owner)
– Water and Sewer 1680
– Trash
– Electric
Landscaping
HOA Dues

700 Wilson Ave – Cash Flow Analysis

Annual Cash Flow Before Taxes $8089.59
Cash-on-Cash Rate of Return 13%
CAP Rate 8.4%
GRM – Gross Rent Multiplier 109.8
5 Year After-Tax Return 19.4%

1741 E Orman Ave Pueblo, CO 81004

Property Address 1741 E. Orman Ave.
Number of Units 1
Down Payment Percentage 25%
Purchase Price 150000
Acquisition Costs 2000
Loan Costs 1395
Down Payment 37500
Mortgage Balance 112500
Initial Repair Costs 2000
Total Initial Investment 42895
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1000
Unit #2
Unit #3
Unit #4
Total Rental Income 1000
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 547
Property Insurance 900
Property Management
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer 0
– Trash
– Electric
Landscaping
HOA Dues

1741 E Orman Ave Pueblo – Cash Flow Analysis

Annual Cash Flow Before Taxes 1698.25
Cash-on-Cash Rate of Return 4%
CAP Rate 6.0%
GRM – Gross Rent Multiplier 152.0
5 Year After-Tax Return 12.9%

2302 N Main St Pueblo, CO 81003

Property Address 2302 N. Main St.
Number of Units 1
Down Payment Percentage 25%
Purchase Price 149000
Acquisition Costs 2000
Loan Costs 1395
Down Payment 37250
Mortgage Balance 111750
Initial Repair Costs 2000
Total Initial Investment 42645
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1200
Unit #2
Unit #3
Unit #4
Total Rental Income 1200
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 957.04
Property Insurance 1200
Property Management
Repairs and Maintenance 1000
Utilities (If paid by owner)
– Water and Sewer 0
– Trash
– Electric
Landscaping
HOA Dues

2302 N Main St – Cash Flow Analysis

Annual Cash Flow Before Taxes 3117.90
Cash-on-Cash Rate of Return 7%
CAP Rate 7.0%
GRM – Gross Rent Multiplier 125.8
5 Year After-Tax Return 15.0%

2415 N Grand Ave Pueblo, CO 81003

Property Address 2415 N. Grand Ave.
Number of Units 1
Down Payment Percentage 25%
Purchase Price 133000
Acquisition Costs 2000
Loan Costs 1395
Down Payment 33250
Mortgage Balance 99750
Initial Repair Costs 0
Total Initial Investment 36645
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1000
Unit #2
Unit #3
Unit #4
Total Rental Income 1000
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 525
Property Insurance 1200
Property Management
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer 0

2415 N Grand Ave – Cash Flow Analysis

Annual Cash Flow Before Taxes 2265.12
Cash-on-Cash Rate of Return 6%
CAP Rate 6.7%
GRM – Gross Rent Multiplier 133.0
5 Year After-Tax Return 15.2%

Colorado Springs Real Estate Investing Analysis

4313 Marlow CR, Colorado Springs, CO, 80916

Property Address 4313 Marlow Circle
Number of Units 1
Down Payment Percentage 25%
Purchase Price 210000
Acquisition Costs 2000
Loan Costs 1395
Down Payment 52500
Mortgage Balance 157500
Initial Repair Costs 0
Total Initial Investment 55895
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1600
Unit #2
Unit #3
Unit #4
Total Rental Income 1600
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 418
Property Insurance 1000
Property Management
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer 0
– Trash
– Electric
Landscaping
HOA Dues

4313 Marlow CR – Cash Flow Analysis

Annual Cash Flow Before Taxes 5585.35
Cash-on-Cash Rate of Return 10%
CAP Rate 7.6%
GRM – Gross Rent Multiplier 131.3
5 Year After-Tax Return 18.3%

3914 Constitution Ave,  Colorado Springs, CO 80909

Property Address 3914 Constitution Ave.
Number of Units 1
Down Payment Percentage 25%
Purchase Price 199900
Acquisition Costs 2000
Loan Costs 1395
Down Payment 49975
Mortgage Balance 149925
Initial Repair Costs 0
Total Initial Investment 53370
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1550
Unit #2
Unit #3
Unit #4
Total Rental Income 1550
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 644
Property Insurance 300
Property Management
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer 0
– Trash
– Electric
Landscaping
HOA Dues 3120

3914 Constitution Ave – Cash Flow Analysis

Annual Cash Flow Before Taxes 2871.3
Cash-on-Cash Rate of Return 5%
CAP Rate 6.4%
GRM – Gross Rent Multiplier 129.0
5 Year After-Tax Return 15.4%

3510 Queen Anne Way,  Colorado Springs, CO 80917

Property Address 3510 Queen Anne Way
Number of Units 1
Down Payment Percentage 25%
Purchase Price 184500
Acquisition Costs 2000
Loan Costs 1395
Down Payment 46125
Mortgage Balance 138375
Initial Repair Costs 0
Total Initial Investment 49520
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1500
Unit #2
Unit #3
Unit #4
Total Rental Income 1500
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 617
Property Insurance 300
Property Management
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer 0
– Trash
– Electric
Landscaping
HOA Dues 2376

3510 Queen Anne Way – Cash Flow Analysis

Annual Cash Flow Before Taxes 3837.65
Cash-on-Cash Rate of Return 8%
CAP Rate 7.0%
GRM – Gross Rent Multiplier 123.0
5 Year After-Tax Return 16.8%

Denver Real Estate Investing Analysis

18986 E 57th Pl #E Denver, CO 80249

Property Address 18986 E. 57th Place #E
Number of Units 1
Down Payment Percentage 25%
Purchase Price 250000
Acquisition Costs 2000
Loan Costs 1395
Down Payment 62500
Mortgage Balance 187500
Initial Repair Costs 0
Total Initial Investment 65895
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month 0
MONTHLY Rental Income Per Unit
Unit #1 1888
Unit #2
Unit #3
Unit #4
Total Rental Income 1888
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 1235
Property Insurance 300
Property Management
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer 0
– Trash
– Electric
Landscaping
HOA Dues 2484

18986 E 57th Pl – Cash Flow Analysis

Annual Cash Flow Before Taxes 4279.6
Cash-on-Cash Rate of Return 6%
CAP Rate 6.7%
GRM – Gross Rent Multiplier 132.4
5 Year After-Tax Return 16.4%

17689 E Loyola Dr #D Aurora, CO 80013

Property Address 17689 E. Loyola Ave. #D
Number of Units 1
Down Payment Percentage 20%
Purchase Price 227000
Acquisition Costs 2500
Loan Costs 3211
Down Payment 45400
Mortgage Balance 181600
Initial Repair Costs 0
Total Initial Investment 51111
Mortgage Interest Rate 5.250%
Mortgage Term (years) 30
Extra Principal per Month
MONTHLY Rental Income Per Unit
Unit #1 1800
Unit #2
Unit #3
Unit #4
Total Rental Income 1800
Vacancy Factor 5%
Annual Rent Increase 4%
Annual Appreciation Rate 5.0%
ANNUAL Operating Expenses
Real Estate Taxes 818
Property Insurance 300
Property Management 0
Repairs and Maintenance 800
Utilities (If paid by owner)
– Water and Sewer
– Trash
– Electric
Landscaping
HOA Dues 2100

17689 E Loyola Dr – Cash Flow Analysis

Annual Cash Flow Before Taxes 4468.37
Cash-on-Cash Rate of Return 9%
CAP Rate 7.3%

If you have any questions or want to explore or buy investment property in Denver, Colorado Springs, or Pueblo, then reach out to us.

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Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
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