Renting out properties has become one of the best ways for investors to earn some extra cash. This is one of the biggest reasons why so many people choose to invest in properties like homes and offices. Investment properties in Colorado can usually charge an arm and a leg in rent each month, helping you make your investment back dramatically faster than if you were living there yourself.
Is buying property in Colorado a good investment?
If you’re looking to invest in a property with the intent of renting it out for profit, then this list is going to be very useful to you. We’ll take a look at the top 8 places in Colorado that are best for real estate investment. If you’re looking to invest money into a property then make sure that you go through this guide which will help you to choose the right locality for your property investment.
1. Southmoor Park, CO
This small town only has about 2,000 residents according to the census of 2010; the perfect amount for a cozy community where everybody knows each other and can keep an eye on one another’s investment. It’s also close to Denver and plenty of other major cities like Aurora and Littleton, giving the rental property, so you should definitely put these on your list of places to consider.
2. East, Boulder, CO
East Boulder is a subsection of the city of Boulder that offers investment properties at a low cost; this means higher profits. If you’re looking to invest in real estate and want to take advantage of lower costs while still living close enough to enjoy what Boulder has to offer then this place will suit your needs perfectly.
3. South, Thornton, CO
South Thornton is a small neighborhood of about 2 square miles that’s filled with investment properties; any investor looking to take advantage of the booming housing market in this section of Colorado should definitely check out South Thornton before making their investment.
4. Evans, CO (Denver Metro Area)
This suburb of Denver only has about 11,000 residents in it, and is growing at a pace of almost 5% per year; investment properties in Evans are going to make you a lot of money. It’s also very close to downtown Denver and all the amenities that come with living in one of the biggest cities in America, but at a much lower cost and with more opportunities to make money.
5. Westminster, CO (Denver Metro Area)
This suburb of Denver is almost completely invested in investment properties; the city of Westminster is growing at an incredible rate and investment properties are going to be very popular because of it. Also, there’s a great deal of income diversity in this area, with people from all over the socioeconomic spectrum, which is fantastic for investment properties.
6. Fort Collins, CO
If you want to buy a home in Colorado, Fort Collins is one of the most popular investment locations. It has an average household income that’s pretty close to the national average, and this coupled with its proximity to Denver, makes it a very desirable investment location for renters.
7. Parker, CO (Denver Metro Area)
This small town is only about 15 miles from downtown Denver and is growing steadily; investment properties in Parker are going to be a sound investment for years to come.
8. Broomfield, CO (Denver Metro Area)
This suburb of Denver is really booming with investment properties which makes it one of the best places to invest in real estate in Colorado, and returns on investment from a rental property in this town will be very high due to its high-income levels and proximity to downtown Denver.
If you’re looking to invest in a property with a high likelihood of a positive return on investment then these are some of the best options for real estate investments in Colorado to do so. These small towns have growing populations and lots of investment opportunities that will allow you to put your investment to work for you. And, if you want to live in Colorado but don’t want to invest in property where you live, these towns are still great options with plenty of investment opportunities available.
If you’re confused or need more help in choosing the right area to invest or you need assistance in finding an income property in Colorado that are under your budget and tick all the boxes, make sure you get in touch with us and our Colorado real estate agent or use the Colorado Real Estate Map Search to find your dream property.