2502 Eagle Ridge 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 2502 Eagle Ridge Dr, Granger, IA, 50109 generates $3,377/mo in rent, after a $2,752/mo payment. Total monthly income is $3,377/mo. Return on cash invested sits at 16.6% in year one, and rental yield is 7.21% on a $562,300 entry. Equity gained on principal adds $3,628/yr, while 5% annual appreciation builds toward $155,353 over five years. Five-year ROI reaches 86.08% and total cumulative return in cash sums $159,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,377/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.46 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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