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
- 4/2 detached single family
- Download the MLS data sheet.
- Current tenant at $850/month
- Basement bedroom is non-conforming
| 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
- 3/1 detached single family
- Download the MLS data sheet.
- Built in 1915
| 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
- 3/1 Detached single family
- Download the MLS data sheet here
- Built in 1921.
- Basement bedroom is nonconforming
| 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
- 4/1 detached single family
- Download MLS Data Sheet here
- 1 Basement bedroom is nonconforming
| 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
- 3/3 Attached Single Family (Townhome)
- Download the ML S Data Sheet here
- Basement bedroom is nonconforming
| 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
- 3/4 Attached single family (townhome)
- Download the MLS data sheet here
- Basement bedroom is nonconforming
| 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
- 3/3 Attached single family (Condo)
- Download the MLS data sheet here
| 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
- 3/2 Attached single family (townhouse)
- Value add play by adding 4th bedroom ($2-3K cost)
- Download the MLS sheet.
| 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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