115 E Pierce StCouncil BluffsIA51503
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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 Council Bluffs at 115 E Pierce St, Council Bluffs, IA, 51503 priced at $149,500 pairs $1,180/mo rent with $209/mo cash flow after a $732/mo payment. Total monthly income equals $1,180/mo, and annual cash flow comes to $2,506/yr on $49,559 invested. Return on cash invested is 24.96% in year one, and rental yield stands at 9.47% on a $149,500 basis. Equity gained on principal adds $965/yr, and 5% annual appreciation accumulates to $41,304 by year five. Five-year ROI measures 130.35% and total cumulative return in cash reaches $64,601. For financing, Ziffy Mortgage’s DSCR program evaluates $1,180/mo property income against a $732/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3,484 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 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
13,738
Multi-Family
2,103
Businesses
761
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Listed by: Monte Wilson • 20060210204436544277000000
Mls Name: SWIAR
Mls ID: #25-446
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.