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 Address700 Wilson Ave.
Number of Units2
Down Payment Percentage25%
Purchase Price234000
Acquisition Costs2000
Loan Costs1395
Down Payment58500
Mortgage Balance175500
Initial Repair Costs2000
Total Initial Investment63895
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11250
Unit #2900
Unit #3
Unit #4
Total Rental Income2150
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes711
Property Insurance1200
Property Management
Repairs and Maintenance1200
Utilities (If paid by owner)
– Water and Sewer1680
– Trash
– Electric
Landscaping
HOA Dues

700 Wilson Ave – Cash Flow Analysis

Annual Cash Flow Before Taxes$8089.59
Cash-on-Cash Rate of Return13%
CAP Rate8.4%
GRM – Gross Rent Multiplier109.8
5 Year After-Tax Return19.4%

1741 E Orman Ave Pueblo, CO 81004

Property Address1741 E. Orman Ave.
Number of Units1
Down Payment Percentage25%
Purchase Price150000
Acquisition Costs2000
Loan Costs1395
Down Payment37500
Mortgage Balance112500
Initial Repair Costs2000
Total Initial Investment42895
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11000
Unit #2
Unit #3
Unit #4
Total Rental Income1000
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes547
Property Insurance900
Property Management
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer0
– Trash
– Electric
Landscaping
HOA Dues

1741 E Orman Ave Pueblo – Cash Flow Analysis

Annual Cash Flow Before Taxes1698.25
Cash-on-Cash Rate of Return4%
CAP Rate6.0%
GRM – Gross Rent Multiplier152.0
5 Year After-Tax Return12.9%

2302 N Main St Pueblo, CO 81003

Property Address2302 N. Main St.
Number of Units1
Down Payment Percentage25%
Purchase Price149000
Acquisition Costs2000
Loan Costs1395
Down Payment37250
Mortgage Balance111750
Initial Repair Costs2000
Total Initial Investment42645
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11200
Unit #2
Unit #3
Unit #4
Total Rental Income1200
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes957.04
Property Insurance1200
Property Management
Repairs and Maintenance1000
Utilities (If paid by owner)
– Water and Sewer0
– Trash
– Electric
Landscaping
HOA Dues

2302 N Main St – Cash Flow Analysis

Annual Cash Flow Before Taxes3117.90
Cash-on-Cash Rate of Return7%
CAP Rate7.0%
GRM – Gross Rent Multiplier125.8
5 Year After-Tax Return15.0%

2415 N Grand Ave Pueblo, CO 81003

Property Address2415 N. Grand Ave.
Number of Units1
Down Payment Percentage25%
Purchase Price133000
Acquisition Costs2000
Loan Costs1395
Down Payment33250
Mortgage Balance99750
Initial Repair Costs0
Total Initial Investment36645
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11000
Unit #2
Unit #3
Unit #4
Total Rental Income1000
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes525
Property Insurance1200
Property Management
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer0

2415 N Grand Ave – Cash Flow Analysis

Annual Cash Flow Before Taxes2265.12
Cash-on-Cash Rate of Return6%
CAP Rate6.7%
GRM – Gross Rent Multiplier133.0
5 Year After-Tax Return15.2%

Colorado Springs Real Estate Investing Analysis

4313 Marlow CR, Colorado Springs, CO, 80916

Property Address4313 Marlow Circle
Number of Units1
Down Payment Percentage25%
Purchase Price210000
Acquisition Costs2000
Loan Costs1395
Down Payment52500
Mortgage Balance157500
Initial Repair Costs0
Total Initial Investment55895
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11600
Unit #2
Unit #3
Unit #4
Total Rental Income1600
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes418
Property Insurance1000
Property Management
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer0
– Trash
– Electric
Landscaping
HOA Dues

4313 Marlow CR – Cash Flow Analysis

Annual Cash Flow Before Taxes5585.35
Cash-on-Cash Rate of Return10%
CAP Rate7.6%
GRM – Gross Rent Multiplier131.3
5 Year After-Tax Return18.3%

3914 Constitution Ave,  Colorado Springs, CO 80909

Property Address3914 Constitution Ave.
Number of Units1
Down Payment Percentage25%
Purchase Price199900
Acquisition Costs2000
Loan Costs1395
Down Payment49975
Mortgage Balance149925
Initial Repair Costs0
Total Initial Investment53370
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11550
Unit #2
Unit #3
Unit #4
Total Rental Income1550
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes644
Property Insurance300
Property Management
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer0
– Trash
– Electric
Landscaping
HOA Dues3120

3914 Constitution Ave – Cash Flow Analysis

Annual Cash Flow Before Taxes2871.3
Cash-on-Cash Rate of Return5%
CAP Rate6.4%
GRM – Gross Rent Multiplier129.0
5 Year After-Tax Return15.4%

3510 Queen Anne Way,  Colorado Springs, CO 80917

Property Address3510 Queen Anne Way
Number of Units1
Down Payment Percentage25%
Purchase Price184500
Acquisition Costs2000
Loan Costs1395
Down Payment46125
Mortgage Balance138375
Initial Repair Costs0
Total Initial Investment49520
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11500
Unit #2
Unit #3
Unit #4
Total Rental Income1500
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes617
Property Insurance300
Property Management
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer0
– Trash
– Electric
Landscaping
HOA Dues2376

3510 Queen Anne Way – Cash Flow Analysis

Annual Cash Flow Before Taxes3837.65
Cash-on-Cash Rate of Return8%
CAP Rate7.0%
GRM – Gross Rent Multiplier123.0
5 Year After-Tax Return16.8%

Denver Real Estate Investing Analysis

18986 E 57th Pl #E Denver, CO 80249

Property Address18986 E. 57th Place #E
Number of Units1
Down Payment Percentage25%
Purchase Price250000
Acquisition Costs2000
Loan Costs1395
Down Payment62500
Mortgage Balance187500
Initial Repair Costs0
Total Initial Investment65895
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month0
MONTHLY Rental Income Per Unit
Unit #11888
Unit #2
Unit #3
Unit #4
Total Rental Income1888
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes1235
Property Insurance300
Property Management
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer0
– Trash
– Electric
Landscaping
HOA Dues2484

18986 E 57th Pl – Cash Flow Analysis

Annual Cash Flow Before Taxes4279.6
Cash-on-Cash Rate of Return6%
CAP Rate6.7%
GRM – Gross Rent Multiplier132.4
5 Year After-Tax Return16.4%

17689 E Loyola Dr #D Aurora, CO 80013

Property Address17689 E. Loyola Ave. #D
Number of Units1
Down Payment Percentage20%
Purchase Price227000
Acquisition Costs2500
Loan Costs3211
Down Payment45400
Mortgage Balance181600
Initial Repair Costs0
Total Initial Investment51111
Mortgage Interest Rate5.250%
Mortgage Term (years)30
Extra Principal per Month
MONTHLY Rental Income Per Unit
Unit #11800
Unit #2
Unit #3
Unit #4
Total Rental Income1800
Vacancy Factor5%
Annual Rent Increase4%
Annual Appreciation Rate5.0%
ANNUAL Operating Expenses
Real Estate Taxes818
Property Insurance300
Property Management0
Repairs and Maintenance800
Utilities (If paid by owner)
– Water and Sewer
– Trash
– Electric
Landscaping
HOA Dues2100

17689 E Loyola Dr – Cash Flow Analysis

Annual Cash Flow Before Taxes4468.37
Cash-on-Cash Rate of Return9%
CAP Rate7.3%

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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Start analyzing your Colorado investment properties today
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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