Centennial Colorado is the 10th largest city in Colorado located in the southern metro area of Denver. People like investing in Centennial Colorado as it was named USA Today’s Top 50 Places to Live in 2015. Centennial was also recently ranked the 15th safest city in America to live.
Like most Colorado cities there are tons of outdoor activities, parks and hiking trails. And while some people commute for work, there are ample job opportunities within the city limits.
Houses range from older homes with lush landscape and large lawns to smaller, newer houses and townhomes. Typically newer homes are located in neighborhoods with HOAs.
• No limit on the number of STRs you can buy. (Unlike Wheat Ridge that limits them to one per owner.)
• No caps on the number of STRs per block/per radius, etc. (Unlike Wheat Ridge.)
• No limit on number of nights you can rent it as an STR. (Unlike Arvada that limits you renting as an STR to 240 nights per year.)
• A max of 2 guests/bedroom and 8 renters per property total. So even if you have a 5br house, you can only have 8 guests.
• ADUs cannot be STRs.
• Must get licensed and pay taxes
Max. renters per property
Max. STRs Allowed
A perfect middle ground between the income potential of a short-term rental and the stability of a long-term rental. Mid-term rentals are furnished units that are rented to guests for 30+ days. People who seek out mid-term rentals are traveling nurses and professionals on temporary assignment or people displaced from their homes for a duration of time. It’s become a popular investment strategy because in many areas, like Centennial there is no rental license required. Use services like AirDNA to calculate what your potential rents could be.
Year over year increase in MTR nights sold
No license required for rentals
The “rent by the room” investment strategy involves renting out individual rooms within a single property, such as a house or apartment, rather than leasing the entire unit to a single tenant. This approach has gained traction as it allows investors to maximize rental income by catering to multiple tenants simultaneously. Each tenant pays for their designated room and shares common areas like kitchens and living rooms. This is a popular strategy among house hackers who choose to rent out the rooms in the house they are living in. In Centennial you’re legally able to house 5 unrelated people in one rental unit.
Average Room Rent
Primary Room Rent
Long-term rentals are a smart strategy for a more hands-off approach and a buy and hold mindset. In an appreciating market, like Centennial, if the property’s rent can cover the mortgage, plus an additional 10% for vacancies and repairs, then you’re property is increasing in value the longer you hold it. Check out the latest rent estimates on Rent-O-Meter or Zillow to see what your property might get for rents.
Avg. Rent 3 bed / 2 bath
Avg. Rent 2 bed / 1 bath
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