Greeley Income Properties for Sale

Greeley income properties for sale: the numbers this week

Three numbers frame a Greeley rental purchase: the median list price ($445K), the gross rent the building actually collects (about $2,893 a month at the median), and the cap rate after 40 percent expenses (4.7 percent at the median price). 29 Greeley income properties are for sale today from $320K to $1.2M.

The rent math on the median Greeley building

Ask the listing agent for the rent roll and twelve months of deposits before you trust any rent number; the Greeley figure above is a ratio, the building’s leases are the fact. Owner-occupants beat that math: an FHA loan on a 2- to 4-unit Greeley building takes 3.5 percent down and counts 75 percent of the other units’ rent as income. More: Financing a Colorado home.

Income properties for sale near Greeley

Questions people ask about Greeley income properties

How many income properties are for sale in Greeley right now?

29 this week, $320K to $1.2M, median $445K. The grid at the top of this page is the live MLS search for Greeley residential income listings and refreshes daily.

Can I buy a Greeley duplex or fourplex with an FHA loan?

Yes, with 3.5 percent down when you live in one unit for at least a year; the lender counts 75 percent of the other units’ market rent toward your income. More: Financing a Colorado home.

What cap rate do Greeley rental properties sell at?

On actual rents, 4.7 percent at this week's median price using a 40 percent expense load; buildings under the median run higher. A listing quoting 8 percent is quoting pro forma rents.

What does the median Greeley income property cost per month?

$2,220 of principal and interest with 25 percent down at 7 percent, plus taxes, insurance and owner-paid utilities, against about $2,893 of gross rent.

What should I check before buying a rental in Greeley?

The rent roll and bank deposits, every lease and end date, the deposit ledger, who pays water, sewer and trash, the roof and sewer line on older buildings, the legal unit count with the city, and any short-term rental that the city does not license. More: Seller concessions for Colorado buyers.

Where else near Greeley are income properties for sale?

Denver (121), Colorado Springs (36), Aurora (28), Loveland (22); the table above links each one, and Colorado income properties for sale is the statewide map.