3150 Lakeside Dr APT 102Grand JunctionCO81506
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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 3150 Lakeside Dr APT 102, Grand Junction, CO, 81506 earns $143/mo cash flow from $1,583/mo rent with a $905/mo payment. Total monthly income totals $1,583/mo, and annual cash flow totals $1,720/yr on $61,328 capital. ROI tracks 22.71% on current figures, and rental yield reads 10.27% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 120.03% and total cumulative return in cash sums $73,611. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,583/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$362 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81506, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,750 (100%) |
| Owner Occupied HU | 3,819 (66.4%) |
| Renter Occupied HU | 1,483 (25.8%) |
| Vacant Housing Units | 448 ( 7.8%) |
| Median Home Value | $486,868 |
| Average Home Value | $518,133 |
Housing Distribution
Address Breakdown
Residential
5,816
Single Family
4,938
Multi-Family
878
Businesses
368
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Listed by: N/A • COLDWELL BANKER DISTINCTIVE PROPERTIES
Mls Name: GJARA
Mls ID: #20245357
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.