296 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 296 Cherry Ln, Grand Junction, CO, 81503 with 5% annual appreciation on a $274,000 basis while $1,963/mo rent supports operations. Total monthly income totals $1,963/mo and a $1,341/mo payment preserves $366/mo for cash returns. Annual cash flow comes to $4,395/yr on $90,831 deployed, and return on cash invested reaches 24.75% in year one. Equity gained on principal adds $1,768/yr, and five-year appreciation sums $75,701 alongside rental yield of 8.6%. Five-year ROI measures 128.36% and total cumulative return in cash totals $116,589.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,963/mo property income versus a $1,341/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
3,920 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: MICHELLE EVANS • COLDWELL BANKER DISTINCTIVE PROPERTIES
Mls Name: GJARA
Mls ID: #20254898