538 W Colorado AveGrand JunctionCO81501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 538 W Colorado Ave, Grand Junction, CO, 81501 uses $99,119 cash to close to unlock $2,255/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,930/mo, and a $1,463/mo payment keeps the spread at $188/mo. Purchase price stands at $299,000, and rental yield measures 7.75% with $1,930/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 114.56% and total cumulative return in cash records $113,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,930/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1908
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81501, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,528 (100%) |
| Owner Occupied HU | 4,231 (36.7%) |
| Renter Occupied HU | 6,387 (55.4%) |
| Vacant Housing Units | 910 ( 7.9%) |
| Median Home Value | $337,711 |
| Average Home Value | $395,588 |
Housing Distribution
Address Breakdown
Residential
10,480
Single Family
9,413
Multi-Family
1,067
Businesses
1,762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DAN BISHOP • CENTURY 21 ELEVATED REAL ESTATE
Mls Name: GJARA
Mls ID: #20255551