616 Hamlet StGrand JunctionCO81506
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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 616 Hamlet St, Grand Junction, CO, 81506 priced at $498,000 pairs $3,246/mo rent with $330/mo cash flow after a $2,437/mo payment. Total monthly income equals $3,246/mo, and annual cash flow comes to $3,955/yr on $165,087 invested. Return on cash invested is 22.3% in year one, and rental yield stands at 7.82% on a $498,000 basis. Equity gained on principal adds $3,214/yr, and 5% annual appreciation accumulates to $137,588 by year five. Five-year ROI measures 115.26% and total cumulative return in cash reaches $190,276. For financing, Ziffy Mortgage’s DSCR program evaluates $3,246/mo property income against a $2,437/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
8,276 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81506, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,750 (100%) |
| Owner Occupied HU | 3,819 (66.4%) |
| Renter Occupied HU | 1,483 (25.8%) |
| Vacant Housing Units | 448 ( 7.8%) |
| Median Home Value | $486,868 |
| Average Home Value | $518,133 |
Housing Distribution
Address Breakdown
Residential
5,816
Single Family
4,938
Multi-Family
878
Businesses
368
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Listed by: N/A • DKT REALTY,INC/MB
Mls Name: GJARA
Mls ID: #20243713
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.