2362 Colca Canyon LoopGrand JunctionCO81505
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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 2362 Colca Canyon Loop, Grand Junction, CO, 81505 uses $115,992 cash to close to unlock $1,781/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $2,267/mo, and a $1,713/mo payment keeps the spread at $148/mo. Purchase price stands at $349,900, and rental yield measures 7.77% with $2,267/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 110.9% and total cumulative return in cash records $128,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,267/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2023
1,306 sqft lot
$N/A/sqft
$79 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81505, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,903 (100%) |
| Owner Occupied HU | 3,934 (66.6%) |
| Renter Occupied HU | 1,651 (28.0%) |
| Vacant Housing Units | 318 ( 5.4%) |
| Median Home Value | $466,702 |
| Average Home Value | $538,069 |
Housing Distribution
Address Breakdown
Residential
5,651
Single Family
5,140
Multi-Family
511
Businesses
1,143
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Listed by: N/A • RE/MAX 4000, INC
Mls Name: GJARA
Mls ID: #20253094
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.