598 E Conestoga Cir #AGrand 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 598 E Conestoga Cir #A, Grand Junction, CO, 81504 priced at $295,000 converts $2,081/mo rent into $302/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,081/mo, and annual cash flow totals $3,620/yr on $97,793 invested. Return on cash invested prints 23.61% in year one, and rental yield reads 8.47% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 122.49% and total cumulative return in cash sums $119,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,081/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1982
4,356 sqft lot
$N/A/sqft
$60 monthly 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: #20251787
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.