1702 N Broadway 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
Investment property for sale in Council Bluffs at 1702 N Broadway St, Council Bluffs, IA, 51503 listed at $129,500 pairs $1,012/mo rent with a $634/mo payment to leave $171/mo cash flow. Total monthly income runs $1,012/mo, and annual cash flow reaches $2,050/yr on $42,929 cash to close. Return on cash invested measures 24.68% in year one, and rental yield registers 9.38% at a $129,500 basis. Equity gained on principal adds $836/yr, and annual property appreciation at 5% supports $35,778 by year five. Five-year ROI tracks 128.84% and total cumulative return in cash totals $55,310. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,012/mo property income relative to a $634/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
0.29 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 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
13,738
Multi-Family
2,103
Businesses
761
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Listed by: John Edwards • Key Real Estate
Mls Name: SWIAR
Mls ID: #25-1114
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.