1111 Horizon Dr APT 703Grand 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
Total monthly income runs $1,513/mo, and a $1,101/mo payment. Purchase price stands at $225,000, and rental yield measures 8.07% with $1,513/mo rent. Return on cash invested shows 17.29% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 90.41% and total cumulative return in cash records $67,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,513/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$365 monthly 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: N/A • KELLER WILLIAMS COLORADO WEST REALTY
Mls Name: GJARA
Mls ID: #20254370
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.