pikes peak playbook

PIKES PEAK

Playbook

Long-term or short-term rental?

Run the same property as a long-term rental and a short-term rental side by side — cash flow, cap rate, cash-on-cash return — with the short-term rental rules for the area built in.

The property

Rate default is the Sept. 24, 2026 Freddie Mac average plus 0.5% — investment-property loans usually price higher. Ask your lender.

Long-term rental

Rent starts at the area’s Census median for 3-bedroom rentals — use comps for this home.

Short-term rental

Nightly rate, occupancy and furnishing are examples only — use STR comps for the exact property. STR insurance usually costs more than a standard policy; get a quote.

For screening only — not investment, tax or legal advice. Revenue, occupancy, management and expense figures are your assumptions; replace defaults with real comps. Lodging and sales taxes collected from guests are passed through and not counted as revenue. STR rule summaries reflect published rules as of October 2026 and change often — confirm with the jurisdiction before buying. Clay Caldwell is a real estate broker with Better Homes and Gardens® Real Estate Kenney & Company. Each franchise is independently owned and operated. Equal Housing Opportunity.

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If you’re considering buying or selling or just want a clear understanding of your options, Clay is always available for a straightforward conversation.
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