307 Aspen Dr NEBondurantIA50035
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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 Bondurant at 307 Aspen Dr NE, Bondurant, IA, 50035 offers $3,594/mo rent that, after a $2,570/mo payment, leaves $184/mo cash flow. Total monthly income is $3,594/mo, and annual cash flow is $2,208/yr on $172,725 cash. Return on cash invested measures 21.34% in year one, and rental yield stands at 8.21% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 110.87% and total cumulative return in cash reaches $191,505. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,594/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
10,062 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50035, Bondurant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,867 (85.5%) |
| Renter Occupied HU | 413 (12.3%) |
| Vacant Housing Units | 72 ( 2.1%) |
| Median Home Value | $343,186 |
| Average Home Value | $374,950 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,194
Multi-Family
443
Businesses
171
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