582 Placer 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 582 Placer St, Grand Junction, CO, 81504 uses $125,970 cash to close to unlock $1,320/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $2,338/mo, and a $1,860/mo payment keeps the spread at $110/mo. Purchase price stands at $379,999, and rental yield measures 7.38% with $2,338/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 108.03% and total cumulative return in cash records $136,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,338/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 1989
6,534 sqft lot
$N/A/sqft
$160 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 • STUDT REALTY, LLC/MB
Mls Name: GJARA
Mls ID: #20251601
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.