2920 Formay AveGrand JunctionCO81504
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
Investment property for sale in Grand Junction at 2920 Formay Ave, Grand Junction, CO, 81504 at $345,000 posts ROI 24.52% with $439/mo cash flow from $2,450/mo rent. Total monthly income equals $2,450/mo, and annual cash flow records $5,268/yr on $114,368 to close. Return on cash invested measures 24.52% and rental yield reads 8.52% at the current $345,000. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 by year five. Five-year ROI prints 127.06% and total cumulative return in cash totals $145,312.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,450/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81504, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,749 (100%) |
| Owner Occupied HU | 10,184 (74.1%) |
| Renter Occupied HU | 3,093 (22.5%) |
| Vacant Housing Units | 472 ( 3.4%) |
| Median Home Value | $324,764 |
| Average Home Value | $340,662 |
Housing Distribution
Address Breakdown
Residential
13,066
Single Family
12,578
Multi-Family
488
Businesses
380
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Listed by: N/A • RE/MAX 4000, INC
Mls Name: GJARA
Mls ID: #20251401
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.