656 Laredo Ct #AGrand JunctionCO81505
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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 656 Laredo Ct #A, Grand Junction, CO, 81505 offers $2,358/mo rent that, after a $1,806/mo payment, leaves $208/mo cash flow. Total monthly income is $2,358/mo, and annual cash flow is $2,491/yr on $122,324 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 7.67% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 113.3% and total cumulative return in cash reaches $138,591. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,358/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81505, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,903 (100%) |
| Owner Occupied HU | 3,934 (66.6%) |
| Renter Occupied HU | 1,651 (28.0%) |
| Vacant Housing Units | 318 ( 5.4%) |
| Median Home Value | $466,702 |
| Average Home Value | $538,069 |
Housing Distribution
Address Breakdown
Residential
5,651
Single Family
5,140
Multi-Family
511
Businesses
1,143
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Listed by: BRENDA BOUNDS • HOMETOWN REALTY OF GRAND JUNCTION
Mls Name: GJARA
Mls ID: #20254701