288 Cherry LnGrand 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
Investment property for sale in Grand Junction at 288 Cherry Ln, Grand Junction, CO, 81503 with 5% annual appreciation on a $200,000 basis while $1,425/mo rent supports operations. Total monthly income totals $1,425/mo and a $979/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,112/yr on $66,300 deployed, and return on cash invested reaches 24.6% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 8.55%. Five-year ROI measures 127.58% and total cumulative return in cash totals $84,584.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,425/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
7,405 sqft 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: N/A • KELLER WILLIAMS COLORADO WEST REALTY
Mls Name: GJARA
Mls ID: #20252405
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.