587 McMullin 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
Investment property for sale in Grand Junction at 587 McMullin Dr, Grand Junction, CO, 81504 earns $144/mo cash flow from $2,254/mo rent with a $1,772/mo payment. Total monthly income totals $2,254/mo, and annual cash flow totals $1,730/yr on $120,003 capital. ROI tracks 21.35% on current figures, and rental yield reads 7.47% at a $362,000 purchase. Equity gained on principal adds $2,336/yr, and 5% annual appreciation supports $100,014 over five years. Five-year ROI reaches 110.14% and total cumulative return in cash sums $132,169. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,254/mo property income instead of your personal income.
Single Family
Built in 1976
0.25 Acres 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: JULIE HICKS • EXP REALTY, LLC
Mls Name: GJARA
Mls ID: #20252203