1111 Horizon Dr APT 509Grand JunctionCO81506
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Grand Junction at 1111 Horizon Dr APT 509, Grand Junction, CO, 81506 uses $82,544 cash to close to unlock $4,843/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $1,855/mo, and a $1,219/mo payment keeps the spread at $404/mo. Purchase price stands at $249,000, and rental yield measures 8.94% with $1,855/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 133.86% and total cumulative return in cash records $110,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,855/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81506, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,750 (100%) |
| Owner Occupied HU | 3,819 (66.4%) |
| Renter Occupied HU | 1,483 (25.8%) |
| Vacant Housing Units | 448 ( 7.8%) |
| Median Home Value | $486,868 |
| Average Home Value | $518,133 |
Housing Distribution
Address Breakdown
Residential
5,816
Single Family
4,938
Multi-Family
878
Businesses
368
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Listed by: LINDA SPARKS • BRAY REAL ESTATE
Mls Name: GJARA
Mls ID: #20255586