861 Grand Avenue 3 Jct #1-2-4Grand JunctionCO81501
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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
Total monthly income runs $3,720/mo, and a $5,379/mo payment. Purchase price stands at $1,099,000, and rental yield measures 4.06% with $3,720/mo rent. Return on cash invested shows 11.32% in year one, and 5% annual appreciation builds toward $303,633 over five years. Five-year ROI reaches 56.22% and total cumulative return in cash records $200,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,720/mo property income covering a $5,379/mo payment rather than investor’s personal income.
Multi Family
Built in 1907
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81501, Grand Junction, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,528 (100%) |
| Owner Occupied HU | 4,231 (36.7%) |
| Renter Occupied HU | 6,387 (55.4%) |
| Vacant Housing Units | 910 ( 7.9%) |
| Median Home Value | $337,711 |
| Average Home Value | $395,588 |
Housing Distribution
Address Breakdown
Residential
10,480
Single Family
9,413
Multi-Family
1,067
Businesses
1,762
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Listed by: N/A • COLDWELL BANKER DISTINCTIVE PROPERTIES
Mls Name: GJARA
Mls ID: #20253870