623 Thunder Ridge 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
Rental property for sale in Grand Junction at 623 Thunder Ridge Dr, Grand Junction, CO, 81504 priced at $585,000 converts $3,074/mo rent into after a $2,863/mo obligation. Total monthly income equals $3,074/mo. Return on cash invested prints 17.97% in year one, and rental yield reads 6.31% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 91.93% and total cumulative return in cash sums $176,934. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,074/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,405 sqft 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: MICAH BUCZEK • HARVEST REALTY, LLC
Mls Name: GJARA
Mls ID: #20260017