1509 23rd AveCouncil 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 1509 23rd Ave, Council Bluffs, IA, 51501 offers a 11.11% rental yield on a $239,000 purchase with $2,213/mo rent. Total monthly income registers $2,213/mo, and a $1,170/mo payment leaves $661/mo available for distribution. Annual cash flow reaches $7,927/yr on $79,229 to close, and return on cash invested stands at 29.91% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 156.91% and total cumulative return in cash at $124,320. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,213/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
5,280 sqft 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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Listed by: Michelle Hiers • Better Homes and Gardens Real Estate The Good Life Group
Mls Name: SWIAR
Mls ID: #26-1