181 Elm AveGrand JunctionCO81501
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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
Rental property for sale in Grand Junction at 181 Elm Ave, Grand Junction, CO, 81501 priced at $584,000 pairs $1,938/mo rent with after a $2,858/mo payment. Total monthly income equals $1,938/mo. Return on cash invested is 10.91% in year one, and rental yield stands at 3.98% on a $584,000 basis. Equity gained on principal adds $3,768/yr, and 5% annual appreciation accumulates to $161,348 by year five. Five-year ROI measures 54.07% and total cumulative return in cash reaches $103,888. For financing, Ziffy Mortgage’s DSCR program evaluates $1,938/mo property income against a $2,858/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81501, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,528 (100%) |
| Owner Occupied HU | 4,231 (36.7%) |
| Renter Occupied HU | 6,387 (55.4%) |
| Vacant Housing Units | 910 ( 7.9%) |
| Median Home Value | $337,711 |
| Average Home Value | $395,588 |
Housing Distribution
Address Breakdown
Residential
10,480
Single Family
9,413
Multi-Family
1,067
Businesses
1,762
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Listed by: AMANDA HILL • BRAY REAL ESTATE
Mls Name: GJARA
Mls ID: #20254107