467 Bing StGrand 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 467 Bing St, Grand Junction, CO, 81504 uses $109,362 cash to close to unlock $5,149/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $2,352/mo, and a $1,615/mo payment keeps the spread at $429/mo. Purchase price stands at $329,900, and rental yield measures 8.56% with $2,352/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 127.66% and total cumulative return in cash records $139,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,352/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1980
6,969 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: DENESE HANSEN • HANSEN & ASSOC/MB
Mls Name: GJARA
Mls ID: #20255211