1188 Olson AveGrand JunctionCO81503
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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 1188 Olson Ave, Grand Junction, CO, 81503 offers a 7.95% rental yield on a $291,000 purchase with $1,927/mo rent. Total monthly income registers $1,927/mo, and a $1,424/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,514/yr on $96,467 to close, and return on cash invested stands at 22.51% in year one. Equity gained on principal adds $1,878/yr while 5% annual appreciation supports $80,398 over five years. Portfolio math shows five-year ROI at 116.44% and total cumulative return in cash at $112,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,927/mo property income against a $1,424/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
3,920 sqft lot
$N/A/sqft
$263 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81503, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,177 (100%) |
| Owner Occupied HU | 5,094 (71.0%) |
| Renter Occupied HU | 1,722 (24.0%) |
| Vacant Housing Units | 361 ( 5.0%) |
| Median Home Value | $382,084 |
| Average Home Value | $431,925 |
Housing Distribution
Address Breakdown
Residential
6,829
Single Family
6,573
Multi-Family
256
Businesses
188
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Listed by: DAVID KIMBROUGH - THE KIMBROUGH TEAM • RE/MAX 4000, INC
Mls Name: GJARA
Mls ID: #20252318
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.