2212 Aspen DrGrangerIA50109
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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
Rental property for sale in Granger at 2212 Aspen Dr, Granger, IA, 50109 priced at $327,500 pairs $2,938/mo rent with $811/mo cash flow after a $1,603/mo payment. Total monthly income equals $2,938/mo, and annual cash flow comes to $9,732/yr on $108,566 invested. Return on cash invested is 28.87% in year one, and rental yield stands at 10.77% on a $327,500 basis. Equity gained on principal adds $2,113/yr, and 5% annual appreciation accumulates to $90,482 by year five. Five-year ROI measures 151.29% and total cumulative return in cash reaches $164,250. For financing, Ziffy Mortgage’s DSCR program evaluates $2,938/mo property income against a $1,603/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2009
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: Kristin Coffelt • Boutique Real Estate
Mls Name: CIBR
Mls Provider:
Mls ID: #65616
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.