961 Lakeside Dr APT 111Grand 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
Investment property for sale in Grand Junction at 961 Lakeside Dr APT 111, Grand Junction, CO, 81506 earns $284/mo cash flow from $1,794/mo rent with a $1,268/mo payment. Total monthly income totals $1,794/mo, and annual cash flow totals $3,411/yr on $85,859 capital. ROI tracks 23.88% on current figures, and rental yield reads 8.31% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 123.72% and total cumulative return in cash sums $106,228. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,794/mo property income instead of your personal income.
Condo
Built in 1974
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
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Listed by: N/A • HILL & HOMES, LLC
Mls Name: GJARA
Mls ID: #20254251