702 Golfmore Dr APT AGrand JunctionCO81506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 702 Golfmore Dr APT A, Grand Junction, CO, 81506 priced at $647,000 converts $2,824/mo rent into after a $3,167/mo obligation. Total monthly income equals $2,824/mo. Return on cash invested prints 14.72% in year one, and rental yield reads 5.24% against a $647,000 entry. Equity gained on principal adds $4,175/yr, while 5% annual appreciation compiles into $178,754 by year five. Five-year ROI reaches 74.54% and total cumulative return in cash sums $158,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,824/mo property income covering a $3,167/mo payment, not borrower’s personal income.
Condo
Built in 1981
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DENESE HANSEN • HANSEN & ASSOC/MB
Mls Name: GJARA
Mls ID: #20255698