794 Concho CtGrand 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
Investment property for sale in Grand Junction at 794 Concho Ct, Grand Junction, CO, 81505 uses $166,145 cash to close to unlock $56/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $2,948/mo, and a $2,472/mo payment keeps the spread at $5/mo. Purchase price stands at $505,000, and rental yield measures 7.01% with $2,948/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $139,522 over five years. Five-year ROI reaches 103.33% and total cumulative return in cash records $171,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,948/mo property income covering a $2,472/mo payment rather than investor’s personal income.
Single Family
Built in 2022
6,098 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: CHRISTIE HAYS • HAYS HOME GROUP, LLC
Mls Name: GJARA
Mls ID: #20254893