2498 Lake Park Ct UNIT BGrand 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 2498 Lake Park Ct UNIT B, Grand Junction, CO, 81505 offers a 7.47% rental yield on a $379,500 purchase with $2,362/mo rent. Total monthly income registers $2,362/mo, and a $1,857/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,810/yr on $125,804 to close, and return on cash invested stands at 21.35% in year one. Equity gained on principal adds $2,449/yr while 5% annual appreciation supports $104,849 over five years. Portfolio math shows five-year ROI at 110.08% and total cumulative return in cash at $138,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,362/mo property income against a $1,857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2001
3,920 sqft lot
$N/A/sqft
No 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: KATHY REHBERG • EXP REALTY, LLC
Mls Name: GJARA
Mls ID: #20254793