1111 Spruce StCouncil 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 1111 Spruce St, Council Bluffs, IA, 51501 earns $467/mo cash flow from $1,879/mo rent with a $1,063/mo payment. Total monthly income totals $1,879/mo, and annual cash flow totals $5,608/yr on $71,969 capital. ROI tracks 27.7% on current figures, and rental yield reads 10.39% at a $217,100 purchase. Equity gained on principal adds $1,401/yr, and 5% annual appreciation supports $59,981 over five years. Five-year ROI reaches 145.08% and total cumulative return in cash sums $104,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,879/mo property income instead of your personal income.
Single Family
Built in 1957
50 Acres 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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