Colorado Springs is one of the strongest military-driven DSCR investment markets in the country — a city where five major military installations generate massive year-round BAH-backed rental demand, where a booming tech and cybersecurity economy has diversified employment beyond defense, and where acquisition prices that sit 25–40% below Denver produce DSCR ratios that consistently outperform the state’s capital city on a cash-flow basis.
Lendmire is a nationwide mortgage broker with access to the country’s top DSCR lenders. For Colorado Springs investors, that means your specific deal — a Fort Carson military rental, a USAFA-corridor property, a downtown revitalization condo, a Briargate corporate-suburb SFR, a Manitou Springs STR, or a Fountain workforce rental — gets matched to the lender with the best program for your scenario. Explore our full DSCR investor loan programs in 40 states for details.
Colorado Springs DSCR Investment: The Numbers Behind the Opportunity
- Metro Population: ~750,000
- Median Home Price (Investment): $350K–$500K / $250K–$380K in military corridors
- Average LTR Rent Range: $1,500–$2,400/month
- Typical DSCR Ratio Achievable: 05–1.35 on properly underwritten deals
- Top Investor Submarkets: Fort Carson corridor, USAFA/Northgate, Downtown, Briargate, Old Colorado City, Manitou Springs, Fountain/Security-Widefield
- Military Installations: Fort Carson, USAFA, Peterson SFB, Schriever SFB, Cheyenne Mountain SFS — 5 major installations
- Key Employment Anchors: S. Army, U.S. Air Force, U.S. Space Force, Lockheed Martin, L3Harris, Amazon, USAA, Centura Health
- STR Demand Drivers: Garden of the Gods, Pikes Peak, Manitou Springs, Olympic Training Center, Broadmoor
- Lendmire DSCR Advantage: Multi-lender rate shopping, military housing expertise, 15-day closings, LLC-friendly
What Is a DSCR Loan and How Does It Work in Colorado Springs?
A DSCR loan qualifies an investment property based on its rental income — not the borrower’s personal income, tax returns, or employment history. For a full breakdown, visit our complete guide on what is a DSCR loan.
The DSCR formula divides the property’s gross monthly rental income by its total monthly debt service — including principal, interest, taxes, insurance, and HOA fees. A ratio of 1.0 means the property breaks even. Above 1.0 means positive cash flow.
Colorado Springs’s investment profile is powered by a structural advantage that few cities can match: five major military installations producing government-backed BAH rental income that is as predictable and stable as any income source in real estate investing. When military tenants pay rent backed by the Basic Allowance for Housing, lenders see clean, documentable income that produces strong DSCR qualification. Layer in the city’s growing tech, cybersecurity, and Space Force economy, and you have a tenant demand profile that is both deep and diversified.
For a side-by-side comparison, see our DSCR vs conventional investment loan guide.
Why DSCR loans work especially well for Colorado Springs investors:
- No W-2s or tax returns required — self-employed investors, out-of-state buyers, and portfolio builders qualify on property income alone
- LLC and entity ownership fully supported — essential for Colorado Springs investors managing military housing portfolios across multiple base corridors
- Short-term rental income from Airbnb and VRBO accepted in many programs — relevant for Manitou Springs, Old Colorado City, and Garden of the Gods corridor STR operators. See our DSCR loans for Airbnb investments guide for details
- Military BAH-backed rental income provides exceptionally clean DSCR qualification — government-guaranteed housing allowances are the ideal income documentation
- No limit on total financed properties — scale across multiple military corridors without conventional caps
- Closings in as few as 15 days via DSCR loans in 40 states with 15-day closing — move fast in Colorado Springs’s competitive military housing market
Colorado Springs Investment Markets: Where the Opportunity Lives
Fort Carson Corridor — The Military Housing Engine
Fort Carson is one of the largest Army installations in the United States, home to the 4th Infantry Division and over 25,000 active duty soldiers. The total installation population — including family members, civilians, and contractors — exceeds 60,000. That population generates massive rental demand in the communities south and southeast of the base: Fountain, Security-Widefield, and the Fort Carson Gate 1 and Gate 20 corridors.
SFRs in the $280K–$400K range command rents of $1,600–$2,200/month, backed by BAH rates that provide government-guaranteed income. The PCS (permanent change of station) cycle moves thousands of soldiers and families in and out annually, creating consistent tenant turnover and demand.
For DSCR investors seeking the most predictable rental income in Colorado Springs backed by government housing allowances, the Fort Carson corridor is the primary play.
USAFA / Northgate — Air Force Academy and Officer Market
The United States Air Force Academy sits on the northern edge of Colorado Springs, and the surrounding Northgate and Gleneagle communities serve the officer, cadet family, and defense contractor population associated with USAFA, Peterson Space Force Base, and the growing Space Force presence. This is a higher-income military tenant market — officers and senior NCOs with larger BAH allowances.
SFRs in the $380K–$520K range command rents of $2,000–$2,800/month. The school districts in the Northgate area — particularly District 20 — drive additional family rental demand from non-military professionals.
For DSCR investors targeting Colorado Springs’s premium military tenant base with the highest BAH-backed rent levels, the USAFA/Northgate corridor delivers.
Downtown Colorado Springs — Urban Revival and Tech Professional Demand
Downtown Colorado Springs has undergone significant revitalization — anchored by the U.S. Olympic & Paralympic Training Center, the Weidner Field soccer stadium, the Pikes Peak Center for the Performing Arts, and a growing concentration of tech startups, cybersecurity firms, and remote workers drawn to the city’s outdoor lifestyle and lower cost of living relative to Denver.
Condos and townhomes in the $280K–$420K range command LTR rents of $1,500–$2,200/month. The downtown’s walkability and proximity to Pikes Peak and Garden of the Gods add STR appeal at $110–$250/night.
For DSCR investors targeting Colorado Springs’s urban core with both LTR professional demand and tourist-driven STR upside, downtown delivers dual-income optionality.
Briargate / Northgate — Corporate Suburban Premium
Briargate is Colorado Springs’s premier master-planned suburban community on the north side, offering top-rated District 20 schools, retail amenities, and a deep professional tenant base from USAA’s regional campus, defense contractors, and the growing tech employment sector along the Powers Boulevard corridor.
SFRs in the $400K–$550K range command rents of $2,100–$2,800/month. The combination of school quality and corporate employment proximity produces premium tenant demand with long lease commitments.
For DSCR investors targeting Colorado Springs’s highest-quality non-military suburban tenant base, Briargate is the benchmark.
Old Colorado City / Manitou Springs — STR Tourism and Mountain Character
Old Colorado City and Manitou Springs sit at the base of Pikes Peak and serve as the primary gateway to Garden of the Gods — one of the most visited natural attractions in Colorado with over 5 million annual visitors. Manitou Springs’s eclectic downtown of galleries, restaurants, and mineral springs creates a distinctive mountain town identity.
Properties in the $300K–$480K range command STR rates of $130–$320/night, driven by Garden of the Gods tourism, Pikes Peak Highway visitors, and Manitou Incline hikers. The year-round tourism appeal — summer hiking, fall foliage, winter Pikes Peak snow — produces more consistent occupancy than purely seasonal mountain markets.
For DSCR investors seeking Colorado Springs’s strongest STR market with genuine four-season tourism demand, Manitou Springs and Old Colorado City deliver.
Fountain / Security-Widefield — Military Workforce Cash Flow
Fountain and Security-Widefield sit immediately south of Fort Carson, serving the enlisted and junior NCO population that makes up the majority of the base’s housing demand. These are workforce housing markets where BAH-backed rent payments produce clean, predictable DSCR qualification at accessible acquisition prices.
SFRs in the $250K–$350K range command rents of $1,400–$1,800/month. The rent-to-price ratios produce strong DSCR fundamentals — particularly when BAH income is used as the qualifying rental rate.
For DSCR investors building maximum cash-flow military housing portfolios at Colorado Springs’s most accessible price points, Fountain and Security-Widefield deliver the strongest numbers.
Colorado Springs Short-Term Rental Markets for DSCR Investors
Colorado Springs’s STR market is driven by Garden of the Gods tourism, Pikes Peak visitors, the Broadmoor resort overflow, military TDY travel, and a growing outdoor recreation tourism segment. Lendmire’s access to lenders offering specialized DSCR loans for Airbnb investments gives Colorado Springs STR investors financing that accepts Airbnb and VRBO income documentation.
Top Colorado Springs short-term rental markets for DSCR investors:
- Manitou Springs — Garden of the Gods gateway and Pikes Peak access drive Colorado Springs’s highest STR nightly rates. $130–$320/night year-round
- Old Colorado City — Arts district character and mountain-town appeal. $110–$260/night
- Downtown — Olympic Training Center visitors, corporate events, and Weidner Field soccer. $110–$250/night
- Cheyenne Mountain Corridor — Broadmoor overflow and Seven Falls tourism. $120–$280/night
- Military TDY / Training — Fort Carson, Peterson SFB, and Schriever SFB temporary duty assignments create consistent mid-term rental demand above standard LTR rates
Colorado Springs DSCR Refinance Opportunities
Colorado Springs investors holding properties financed with hard money, conventional loans, or high-rate notes have significant refinance opportunities. A DSCR refinance replaces the existing mortgage with a DSCR loan — qualifying on property income alone, with no personal income documentation required.
For investors looking to extract equity from appreciated Colorado Springs properties, a DSCR cash-out refinance allows you to access up to 75% LTV in cash proceeds — capital that can fund the next acquisition or diversify into other markets across Lendmire’s 40 licensed states.
BRRRR strategy investors can refinance out of hard money loans into permanent DSCR financing once renovations are complete and rental income is established.
Why Colorado Springs Investors Choose Lendmire
Lendmire is a nationwide mortgage broker recognized as a 2026 Scotsman Guide Top Workplace — an honor that reflects the team culture, lender relationships, and operational discipline Colorado Springs investors rely on to close competitive deals across every submarket from Fort Carson to Manitou Springs.
- Multi-Lender Network Access — Every Colorado Springs scenario is evaluated across Lendmire’s full network of top DSCR lenders. A Fort Carson military rental, a USAFA officer housing property, a Manitou Springs STR, and a Briargate suburban SFR each get matched to the right lender
- Military Housing Expertise — Fort Carson, Peterson SFB, and USAFA BAH-backed rental income is Lendmire’s strongest DSCR qualification asset. We structure files to show lenders exactly how government-backed military income produces predictable cash flow
- No Income Documentation — Qualify on property rental income alone. No W-2s, no tax returns, no employment verification
- LLC and Entity Closing — Colorado Springs portfolio operators regularly close in LLCs. Lendmire’s programs support entity ownership fully
- 15-Day Closing Capability — Military corridor properties move fast during PCS season. Lendmire’s lender relationships enable closings in as few as 15 days when files are structured correctly from day one
Ready to Invest in Colorado Springs?
Whether your target is a Fort Carson military rental, a USAFA corridor officer housing property, a downtown urban condo, a Briargate corporate-suburb SFR, a Manitou Springs STR, or a Fountain workforce cash-flow play, Lendmire has the lender network and Colorado Springs market expertise to get your deal structured, approved, and closed. Explore our DSCR loan programs or reach out directly to start a conversation about your Colorado Springs investment strategy.
Explore More DSCR Guides
Core Resources: What Is a DSCR Loan? · DSCR vs Conventional · DSCR for Airbnb / STR · DSCR Loans in 40 States · 15-Day Closing · DSCR Refinance Guide · Cash-Out Refi for Rentals · Cash-Out Refi for Airbnb · Refinance Hard Money to DSCR
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For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
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Legal disclosures. Lendmire (NMLS# 2371349) is a state-licensed mortgage brokerage that arranges financing through wholesale lender relationships. Lendmire is not a direct lender, depository institution, or registered financial advisor. The discussion above is general informational content about real estate financing — it is not financial, legal, or tax advice, and readers should consult licensed professionals for guidance on their individual circumstances. Loan inquiries are subject to lender underwriting; this article does not represent a commitment to lend. Loan terms, rates, and qualification standards vary by borrower, property, and state, and are subject to change at any time. Equal Housing Opportunity. NMLS Consumer Access: nmlsconsumeraccess.org.
