688 Woodworth CtGrand 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 688 Woodworth Ct, Grand Junction, CO, 81506 offers $3,958/mo rent that, after a $3,230/mo payment, leaves $112/mo cash flow. Total monthly income is $3,958/mo, and annual cash flow is $1,344/yr on $217,140 cash. Return on cash invested measures 20.68% in year one, and rental yield stands at 7.2% at a $660,000 entry. Equity gained on principal adds $4,259/yr while 5% annual appreciation compounds into $182,346 by year five. Five-year ROI records 106.45% and total cumulative return in cash reaches $231,153. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,958/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.28 Acres lot
$N/A/sqft
No 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: SHANNON COVELLO ABR • EXP REALTY, LLC
Mls Name: GJARA
Mls ID: #20253476