243 29th RdGrand 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
Total monthly income runs $2,650/mo, and a $2,545/mo payment. Purchase price stands at $520,000, and rental yield measures 6.12% with $2,650/mo rent. Return on cash invested shows 17.39% in year one, and 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 88.84% and total cumulative return in cash records $151,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,650/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.56 Acres lot
$N/A/sqft
No 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: CHRISTINA SADLER • THE CHRISTI REECE GROUP
Mls Name: GJARA
Mls ID: #20255438