2398 Ridge Ct UNIT AGrand JunctionCO81506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2398 Ridge Ct UNIT A, Grand Junction, CO, 81506 generates $3,234/mo in rent, after a $3,304/mo payment. Total monthly income is $3,234/mo. Return on cash invested sits at 16.28% in year one, and rental yield is 5.75% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 82.85% and total cumulative return in cash sums $183,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,234/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
1,742 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Siler • Real Colorado Properties
Mls Name: United Country
Mls ID: #05071-250063