20498 Old Lincoln HwyCouncil 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 20498 Old Lincoln Hwy, Council Bluffs, IA, 51503 offers a 8.43% rental yield on a $640,000 purchase with $4,494/mo rent. Total monthly income registers $4,494/mo, and a $3,132/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,056/yr on $210,560 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $4,130/yr while 5% annual appreciation supports $176,820 over five years. Portfolio math shows five-year ROI at 114.34% and total cumulative return in cash at $240,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,494/mo property income against a $3,132/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5.01 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: Patty Jenkins • 20060210204436348785000000
Mls Name: SWIAR
Mls ID: #24-1888
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.