1215 Fairmount Ave, Council Bluffs, IA, 51503 | $883/mo Cash Flow

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Ziffy Mortgage

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 1215 Fairmount Ave, Council Bluffs, IA, 51503 with 5% annual appreciation on a $216,800 basis while $2,291/mo rent supports operations. Total monthly income totals $2,291/mo and a $1,061/mo payment preserves $883/mo for cash returns. Annual cash flow comes to $10,597/yr on $71,869 deployed, and return on cash invested reaches 34.65% in year one. Equity gained on principal adds $1,399/yr, and five-year appreciation sums $59,898 alongside rental yield of 12.68%. Five-year ROI measures 182.37% and total cumulative return in cash totals $131,066.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,291/mo property income versus a $1,061/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1920

0.34 Acres 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