Colorado Springs, CO — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.8%
Below average
Monthly Cash Flow
-$883
After all expenses
Price-to-Rent
15.0
Investor-friendly
DSCR
0.59
Fails
📊 Key Metrics
- Median Home Price
- $446,845
- Average Rent (3BR)
- $2,585/mo
- Price-to-Rent Ratio
- 15.0(good)
- 1% Rule
- 0.56%(fails — need 1%+)
- Cash-on-Cash Return
- -11.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 3.9%(-0.4% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.9% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.49%
of assessed value (CO avg)
Median Income
$82,254
household (CO avg)
Rent-to-Income
37.7%
Stretched
Section 8 Max Rent
$2,585/mo
3BR voucher payment
🏛️ CO Investor Climate
Landlord Friendly
6/10
State Income Tax
Has state tax
Property Tax
0.49% effective
Population Trend
+0.9% (3yr)
📈 Population Movement (Tax Year 2021→2022)
Net Migration
+1,393 households
GROWING
Total Inflow
288,286
households moved in
Avg Income (New Residents)
$90,629
per household
Where they're coming from:
1.El Paso Non-migrants, CO272,811 households · avg $91,673
2.Arapahoe, CO913 households · avg $64,091
3.Douglas, CO802 households · avg $97,171
4.Denver, CO743 households · avg $69,100
5.Maricopa, AZ563 households · avg $77,938
Where residents are leaving to:
1.El Paso Non-migrants, CO272,811 households
2.Denver, CO882 households
3.Douglas, CO762 households
4.Arapahoe, CO735 households
5.Maricopa, AZ547 households
💡 Strong net inflow suggests growing rental demand and upward pressure on rents.
🏘️ Best Zip Codes in Colorado Springs for Investors
All Zip Codes in Colorado Springs
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 80951 | 6.1% | -$100 | $430,919 | $3,420/mo | 0.96 |
| 80925 | 5.8% | -$205 | $448,944 | $3,440/mo | 0.91 |
| 80927 | 5.4% | -$399 | $504,475 | $3,660/mo | 0.85 |
| 80922 | 5.3% | -$412 | $450,563 | $3,200/mo | 0.83 |
| 80923 | 5.2% | -$456 | $469,260 | $3,300/mo | 0.82 |
| 80910 | 5.2% | -$327 | $322,314 | $2,250/mo | 0.81 |
| 80916 | 4.8% | -$443 | $343,187 | $2,280/mo | 0.76 |
| 80915 | 4.1% | -$722 | $380,937 | $2,250/mo | 0.64 |
| 80920 | 4.1% | -$1,008 | $526,733 | $3,100/mo | 0.64 |
| 80918 | 3.9% | -$902 | $439,327 | $2,510/mo | 0.61 |
| 80909 | 3.8% | -$796 | $368,708 | $2,060/mo | 0.59 |
| 80917 | 3.8% | -$861 | $399,096 | $2,230/mo | 0.59 |
| 80905 | 3.8% | -$824 | $376,533 | $2,090/mo | 0.59 |
| 80924 | 3.8% | -$1,440 | $659,028 | $3,660/mo | 0.59 |
| 80928 | 3.7% | -$902 | $406,441 | $2,240/mo | 0.58 |
| 80903 | 3.7% | -$865 | $385,089 | $2,110/mo | 0.58 |
| 80906 | 3.2% | -$1,390 | $529,962 | $2,660/mo | 0.51 |
| 80906 | 3.2% | -$1,390 | $529,962 | $2,660/mo | 0.51 |
| 80907 | 3.2% | -$1,061 | $403,243 | $2,020/mo | 0.51 |
| 80908 | 3.1% | -$1,876 | $679,960 | $3,300/mo | 0.48 |
| 80904 | 2.9% | -$1,283 | $444,747 | $2,090/mo | 0.46 |
| 80919 | 2.8% | -$1,793 | $593,444 | $2,690/mo | 0.43 |
| 80921 | 2.8% | -$2,185 | $722,181 | $3,270/mo | 0.43 |
| 80926 | 0.4% | -$3,283 | $658,767 | $1,410/mo | 0.06 |