1017 17th AveCouncil BluffsIA51501
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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 Council Bluffs at 1017 17th Ave, Council Bluffs, IA, 51501 offers a 10.81% rental yield on a $160,000 purchase with $1,442/mo rent. Total monthly income registers $1,442/mo, and a $783/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,836/yr on $53,040 to close, and return on cash invested stands at 29.03% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 152.13% and total cumulative return in cash at $80,690. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,442/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51501, Council Bluffs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,002 (100%) |
| Owner Occupied HU | 8,402 (56.0%) |
| Renter Occupied HU | 5,553 (37.0%) |
| Vacant Housing Units | 1,047 ( 7.0%) |
| Median Home Value | $160,519 |
| Average Home Value | $201,483 |
Housing Distribution
Address Breakdown
Residential
15,035
Single Family
13,328
Multi-Family
1,707
Businesses
951
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Listed by: Jeremy Harper • Evolve Realty
Mls Name: GPRMLS
Mls ID: #22520260