1848 Balsam StCouncil BluffsIA51503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1848 Balsam St, Council Bluffs, IA, 51503 uses $160,522 cash to close to unlock $15,703/yr annual cash flow and $1,309/mo monthly cash flow. Total monthly income runs $4,470/mo, and a $2,370/mo payment keeps the spread at $1,309/mo. Purchase price stands at $484,229, and rental yield measures 11.08% with $4,470/mo rent. Return on cash invested shows 29.69% in year one, and 5% annual appreciation builds toward $133,784 over five years. Five-year ROI reaches 155.74% and total cumulative return in cash records $249,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,470/mo property income covering a $2,370/mo payment rather than investor’s personal income.
Single Family
Built in 2025
8,276 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa Martin • NP Dodge Real Estate - Council Bluffs
Mls Name: SWIAR
Mls ID: #25-1175
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.