3163 Glendam DrGrand 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
Rental property for sale in Grand Junction at 3163 Glendam Dr, Grand Junction, CO, 81504 priced at $415,000 converts $2,408/mo rent into after a $2,031/mo obligation. Total monthly income equals $2,408/mo. Return on cash invested prints 19.6% in year one, and rental yield reads 6.96% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 100.8% and total cumulative return in cash sums $138,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,408/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Townhouse
Built in 2015
6,098 sqft lot
$N/A/sqft
$300 annually 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 RISE UP
Mls Name: GJARA
Mls ID: #20251462
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.