2989 Cedar AveGrand junctionCO81504
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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 2989 Cedar Ave, Grand junction, CO, 81504 uses $87,814 cash to close to unlock $3,225/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,813/mo, and a $1,297/mo payment keeps the spread at $269/mo. Purchase price stands at $264,900, and rental yield measures 8.21% with $1,813/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 122.05% and total cumulative return in cash records $107,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,813/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.32 Acres 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: MARIAN BROSIG • MARIAN BROSIG REALTY, LLC
Mls Name: GJARA
Mls ID: #20255500