Many investors ask “Can I still find good deals in the Colorado Springs real estate market?” The short answer is , “Yes, you can.”
The Springs market is similar to the Denver market in terms of cap rates and cash-on-cash returns, but it offers a lower entry price point. Check below for all deal analyses to learn more.
Filter The Deals That You Want!
Use the “Filter Deal Analyses” section to help filter the properties that you’re interested in.
What Does $80k Buy You in Pueblo?
What’s the best way to redeploy the equity sitting in your property? In this episode, Jenny shows how she took advantage of the appreciation in her Colorado Springs rental property to invest in an attached single family home in Pueblo.
Listen to the episode to hear the details, and go to the blog post to see a virtual tour of the Pueblo property.
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Location over Cash Flow in Downtown Colorado Springs
This deal analysis is all about location, location, location. We're looking at a downtown Colorado Springs single family house that might not look great on paper right now, but in a few years could be Jenny's best performing property yet! Listen to the episode to get all of the numbers and find out why she's excited about this house.
Be sure to check out the blog post for pictures of the newly renovated property: https://www.denverinvestmentrealestate.com/location-over-cash-flow-in-downtown-colorado-springs/(opens in a new tab)
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Combining a Nomad and Room by Room Strategy in Colorado Springs
In this deal analysis, the client combined both a Nomad and room by room strategy to optimize his returns on a single family home in Colorado Springs. Now, he gets to enjoy living in a great house for a year and look forward to awesome returns when he moves out.
Listen to the episode to hear how implementing these strategies is poised to pay off for him.
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Cimarron Hills Fourplex with Value Add Opportunity
What should you do when you find a property that seems solid but has underperforming numbers? Sometimes, the best deal is one that will take a couple of years to reach its full potential.
In this deal analysis, we look at a fourplex in a great part of Colorado Springs recently purchased by clients who have a good long-term outlook. Listen to the episode to hear all of the numbers and learn why they're so confident in this property.
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Stationed Overseas: Purchasing a Medium Term Rental in Colorado Springs
In this Deal Analysis, Jenny talks with investor Josh about his first investment property, a new build townhome he's renting out using a medium-term rental model. Even though he's stationed out of the country, he figured out how to navigate the buying process and found the best way to optimize his returns.
Listen to the episode to see all of the details, plus find out his biggest lessons learned through trial and error.
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New Build Pueblo Fourplex with Amazing Returns
We're continuing to highlight properties in Pueblo to give investors a better idea of what this market looks like and how it performs. Today, we're doing a deal analysis on a new build fourplex in a developing part of town.
Even though Leah and I ran the numbers as conservatively as possible, we still had to pick our jaws off the ground when we saw the returns. Listen to the episode to hear all of the details and you'll be as excited as we are!
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Growing Returns on a $195K Pueblo Townhouse
In this Deal Analysis, Jenny and Leah discuss a townhouse in Pueblo recently purcahsed by a client who lives in Denver. They run through several different rent scenarios to show how small changes can make a big difference in returns. Listen to the episode to hear all of the details.
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Using a 1031 Exchange to Buy a Fourplex in Colorado Springs
In this Deal Analysis, Jenny and Chris look at a 1031 exchange recently completed by Jenny's clients. Listen to the episode to learn how they were able to trade up from their paid off townhome in Virginia to buy a fourplex in a great area of Colorado Springs.
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Using Denver Equity to Invest in a Pueblo Rental Property
In this Deal Analysis, Jenny and Chris talk with new investor Emily about the rental property she recently purchased in Pueblo. This is a great example of taking advantage of Denver's appreciation and redeploying it in a lower cost market. Listen to the episode to learn the details and find out how they used creative financing to fund repairs.
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Using a HELOC to Acquire a Colorado Springs Fourplex
In this Deal Analysis, Jenny and Chris discuss a fourplex recently purchased by Denver investors in the Springs. This is a great example of an off-market property that will generate solid returns. Listen to the episode to learn more and see how slight adjustments in rents can significantly alter outcomes.
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2 Bed 2 Bath Condo for Less than $220K in Colorado Springs
In this Deal Analysis, Jenny and Chris look at a condo recently purchased by first time investors. Listen to the podcast to see the solid returns they'll be getting, and learn why condos are a good asset class for new investors in the Springs.
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Over 10% Cash on Cash Return on Room by Room Rental in Colorado Springs
Jenny and Leah do a deal analysis on a 5 bedroom/3.5 bathroom tri-level house purchased by an out of state investor. By pursuing a room-by-room rental strategy, his returns are significantly higher than a typical single-family home. Listen to the episode to learn the details of this deal.
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Denver Investor Buys in Colorado Springs for $250,000
In this episode, Jenny and Leah do a deal analysis on a townhome purchased by a first-time investor. By self-managing the property, he’s helping boost his long-term returns. Listen to the episode to hear more details of this deal.
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Renovated 1895 Duplex with Unique Utilities in West Colorado Springs
This deal analysis looks at a duplex that clients of Jenny Bayless closed on a few weeks ago. These are sophisticated, out of state investors who know what they’re looking for and found the right property to add to their portfolio. And they paid in cash with the intent to refinance, and are now close to being able to pull out their funds. Find out how our use of an escalation clause helped them beat out other interested buyers.
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Managing a Room by Room Strategy from Out of State
This deal analysis looks at a single family home in Colorado Springs recently purchased by an investor who specializes in room by room rentals. He joined us to talk about how he got started in this strategy and his method that makes it work, even from out of state. He has a unique outlook that helped him nail down his system. Find out what this owner of 6 Springs rentals uses to get an idea of rents in a particular area.
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Comparing Spreadsheet Projections vs Actual Numbers for Your Rental Property
When buying a new property, we use the spreadsheet to determine if a potential purchase makes sense. We use a
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Three Bedroom One Bathroom Rental Property for $283K
This deal analysis looks at an investment property Leah and I were able to find for our clients who live
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3 Bedroom Townhouse in Colorado Springs for $300K
Last year, Realtor.com named the 80911 zip code in Colorado Springs the hottest zip code in the US, thanks to its affordability and quality of life. This is a great area for investors to look at, since the housing is less expensive than the Denver metro area, and it’s highly sought out as a place to live. New investors Chris and Christine Dewhurst started searching in that area for precisely this reason, and realtor Leah helped them purchase their first investment property. The process went so smoothly, they’re already looking into purchasing a second property. Listen to the podcast to find out what you can get for 300K in Colorado Springs.
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Room by Room Rental in a Single Family 5 Bedroom Home
This deal analysis looks at a creative strategy for renting out a single family home. This client recently purchased a house in Colorado Springs and is doing a room by room rental strategy for it. A lot of people hear room by room and immediately think of house hacking, but this is an investment property that our client isn’t living in. This approach is generating big returns for him and shows that there are still ways to make money in today’s market. Listen to the podcast to find out how he will score $3,150 per month rather than the $1,900 he would likely get with a single lease tenant.
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Increasing Cashflow through Self-Management of 3 bedroom 1 bath Colorado Springs Rental
This deal analysis focuses on a single family home in Colorado Springs. Our client leveraged his primary home to purchase two rental properties in the Springs, and this house is his second investment property. He is planning on self-managing the property which is a great way to decrease expenses and increase cashflow. Listen to the podcast to find out how much self-managing will increase his annual cashflow.
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Fourplex in Colorado Springs for $619,000
This deal analysis is for a fourplex in Colorado Springs. This was a great deal for our clients, but it took five months of patience and being in the right place at the right time for them to close on it. Their key strategy is maximizing leverage by taking advantage of low interest rates. Fourplexes were on their radar because it would enable them to acquire the greatest number of units for one loan and ride out the low interest rates. Listen to the podcast to find out why our clients decided they could get the most bang for their buck in Colorado Springs.
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Deal Analysis: Return on Equity on a 3 bed 1 bath Single Family Rental in Colorado Springs
This is not our typical deal analysis, in which we analyze a recently purchased property. Today, we are going to look at a rental property Jenny Bayless has owned for a few years and see how it’s performing by using our Return on Equity spreadsheet. This spreadsheet takes into account the current factors of a property and loan and runs different scenarios to help you figure out your best option. Clients often come to us not sure how they should keep a home they’ve owned for a while, sell and exchange, or refinance, so this is a great way to lay out their options. Check out this podcast to find out how a cash-out refi compares to selling the property.
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Deal Analysis: Commercial Office Building in Colorado Springs
My clients had recently liquidated some properties and were looking for a place to put their capital. We originally looked for multi family properties, but with the inventory so low, good deals were hard to find. An opportunity for an off-market office building came up, and my clients decided to expand their horizons and move into the commercial world.
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Deal Analysis: Eight Unit Multi Family in Colorado Springs
Our client came to us from out of state. He invests in the west coast but has been wanting to start investing in Colorado, either in Denver or Colorado Springs. Preston and I helped find him a great deal on an eight unit multi family apartment building in north Colorado Springs.
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Deal Analysis – Using Creative Financing to Build a Portfolio
Our guest this week is Garrett Dilley, an investor who started investing late 2020, and is making great strides towards reaching his real estate goals by building his rental portfolio in Colorado Springs. Jenny Bayless helped him find a single family home that fit his criteria, and he was able to make a competitive, all cash offer while still being able to utilize leverage by employing delayed financing. Now, he’s one step closer to his ultimate goal of building wealth so he can spend more time with his family and mountain biking.
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Deal Analysis – A Dedicated House Hacker in Colorado Springs
This deal analysis profiles first time home buyer and investor Jeremy Babin. He knew he wanted a property that would allow him to use the house hacking method to build wealth. It took a few showings with our agent Leah to nail down exactly what he wanted, but now that he’s found it, he’s implementing his plan to an impressive degree. Listen to the podcast to find out how Jeremy plans to push rents and force equity.
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Deal Analysis – Taking Advantage of Appreciation in Colorado Springs
This deal analysis profiles a new investor, Braden Sanderson. He started investing in rental properties in his college town in Texas. After purchasing a live-in-flip in Denver, he saw the appreciation of the markets in Colorado and decided to start investing in rental properties in Colorado Springs, too. While the location Braden invests in Texas is a cash flow market, Denver and Colorado Springs are more appreciation-based. He worked with agent Jenny Bayless to find a 3 bedroom 2 bathroom condo in the southeast part of Colorado Springs. Chris and Jenny sat down with Braden to go talk about this deal and how it will fit into his long term goals. Listen to the podcast to hear Chris, Jenny and Braden walk through the deal step by step.
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Deal Analysis – Super Turnkey Single Family Home Near Fort Carson in Colorado Springs
This deal analysis profiles a relatively new investor, Alex Sadeghi, who moved to Denver almost 2 years ago. Shortly after the move, he bought his first property, also his primary residence, a condo in Capitol Hill. This sparked his interest in Denver real estate, and he got hooked on the Denver Real Estate Investing podcast as well as all The BiggerPockets guides and forums.
He started working with Envision Advisors to find his first rental, a 3Br 2Ba cash flowing condo in East Denver in October 2020. He decided that his 2021 goals were to get another cash-flowing condo in Denver as well as expanding and diversifying his portfolio into the Springs. Listen to the podcast to find out why he feels Colorado Springs is a great place to buy rental properties.
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Deal Analysis – Colorado Springs Turnkey Single Family Home
This deal analysis looks at a turnkey single family home in Northeast Colorado Springs. The client was able to exchange an out of state property that consistently gave him headaches (evictions and things breaking down) and was able to utilize the gain he realized on the value of that property and 1031 exchanged it into a 3 year old, tenanted (with highly qualified tenants) property in a growing section of town. Listen to the podcast to find out how this investor made the move to a stable, cash flowing asset.
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Deal Analysis – Colorado Springs Newly Renovated Duplex
This deal analysis is for a newly renovated duplex near Ft Carson. The investor buyer used the proceeds from a cash out refinance on rental properties that she had bought a few years ago to take advantage of the significantly low interest rates and equity growth on those properties. As a result, she wanted to redeploy the cash out proceeds into additional rental property. Listen to the episode to find out how she was able to get almost a 6 cap on a property that she didn’t have to put earned income into, rather was able to leverage equity from existing properties to redeploy.
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Deal Analysis – Colorado Springs Turnkey Townhome
This deal analysis looks at a new build, turnkey townhome rental property located in the Security-Widefield area of Colorado Springs that closed Q1 2021. The investor typically likes to BRRRR, but this was a good opportunity for an easy win since it was new build and turnkey. The expected performance was so good the agent decided to buy a unit for herself as well! Listen to the episode to hear how the expected returns were calculated.
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Deal Analysis – Colorado Springs Partial BRRRR
This deal analysis breaks down an elusive Partial BRRRR in Colorado Springs. This property was sourced off-market through networking, met the investor's deal profile, and closed Q4 - 2020. It's a single family 3 bedroom 1 bath with room for equity play. Listen to the episode to run the numbers with our Colorado Springs agent Jenny Balyess.
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Deal Analysis – First Rental Property in Colorado Springs
This deal analysis breaks down how a young couple in Colorado Springs made their first real estate purchase to start building their rental portfolio for retirement planning. We are estimating $1,497 a year in cash flow after accounting for the mortgage, insurance, taxes, vacancy, HOA, and putting money aside for repairs and reserves. Listen to the podcast to find out how this was calculated.
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Deal Analysis – Colorado Springs House Hack Near Downtown
This deal highlight shows a House Hack opportunity on the MLS. This property is centrally located, very close to downtown Colorado Springs. It also already has a kitchenette and second entrance, lending itself to being an easy conversion to a second living space. Further, it is zoned appropriately at R-4 (meaning multi-family units are authorized) to allow for a 2-family set-up.
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Deal Analysis – Colorado Springs Memorial Park Single Family Rental
This deal highlight shows a traditional single family rental property opportunity on the MLS. This home is centrally located close to Memorial Park. This property has a little bit of immediate equity potential too with comps selling for up to $225,000 for very similar homes nearby.
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Deal Analysis – Colorado Springs Fourplex West Side
This deal highlight shows a recently listed multi-family property on the MLS. This will give an example of an "off-the-shelf” multi-family rental property for purchase.
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Deal Analysis – Colorado Springs BRRRR Property
This deal analysis breaks down how intermediate investors purchased a wholesale single family home to build their real estate investment portfolio for retirement and were able to leverage the Buy-Renovate-Rent-Refinance-Repeat (BRRRR) method in order to expedite their ability to scale and acquire more rental properties.
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