1116 Simms Ave, Council Bluffs, IA, 51503 | $663/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Council Bluffs at 1116 Simms Ave, Council Bluffs, IA, 51503 listed at $360,000 pairs $3,058/mo rent with a $1,762/mo payment to leave $663/mo cash flow. Total monthly income runs $3,058/mo, and annual cash flow reaches $7,960/yr on $119,340 cash to close. Return on cash invested measures 26.58% in year one, and rental yield registers 10.19% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 139.23% and total cumulative return in cash totals $166,161. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,058/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1993

8,050 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 51503, Council Bluffs, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,228 (100%)
Owner Occupied HU	10,261 (63.2%)
Renter Occupied HU	4,873 (30.0%)
Vacant Housing Units	1,094 ( 6.7%)
Median Home Value	$279,939
Average Home Value	$335,167