1489 Abercorn DrCouncil 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
Investment property for sale in Council Bluffs at 1489 Abercorn Dr, Council Bluffs, IA, 51503 earns $281/mo cash flow from $3,870/mo rent with a $2,692/mo payment. Total monthly income totals $3,870/mo, and annual cash flow totals $3,376/yr on $180,950 capital. ROI tracks 21.93% on current figures, and rental yield reads 8.44% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 114.08% and total cumulative return in cash sums $206,434. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,870/mo property income instead of your personal income.
Single Family
Built in 2018
N/A lot
$N/A/sqft
$200 annually 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: Haifa M Drummey • Heartland Properties
Mls Name: SWIAR
Mls ID: #25-1170
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.