2008 Oak StGrangerIA50109
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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 2008 Oak St, Granger, IA, 50109 uses $105,749 cash to close to unlock $2,275/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $2,261/mo, and a $1,561/mo payment keeps the spread at $190/mo. Purchase price stands at $319,000, and rental yield measures 8.51% with $2,261/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 114.79% and total cumulative return in cash records $121,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,261/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.28 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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Listed by: Kaity Gale • Goodall Properties LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #715333
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.