1802 Crabapple LnGrangerIA50109
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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 Granger at 1802 Crabapple Ln, Granger, IA, 50109 uses $129,252 cash to close to unlock $3,374/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $2,813/mo, and a $1,908/mo payment keeps the spread at $281/mo. Purchase price stands at $389,900, and rental yield measures 8.66% with $2,813/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 117.26% and total cumulative return in cash records $151,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,813/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50109, Granger, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,479 (100%) |
| Owner Occupied HU | 1,277 (86.3%) |
| Renter Occupied HU | 110 ( 7.4%) |
| Vacant Housing Units | 92 ( 6.2%) |
| Median Home Value | $400,512 |
| Average Home Value | $482,952 |
Housing Distribution
Address Breakdown
Residential
1,339
Single Family
1,338
Multi-Family
1
Businesses
69
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