216 Elmwood Dr, Council Bluffs, IA, 51503 | $698/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Council Bluffs at 216 Elmwood Dr, Council Bluffs, IA, 51503 generates $2,159/mo in rent and, after a $1,101/mo payment, leaves $698/mo in cash flow. Total monthly income is $2,159/mo, and annual cash flow is $8,376/yr on $74,588 invested. Return on cash invested sits at 31.14% in year one, and rental yield is 11.51% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 163.47% and total cumulative return in cash sums $121,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,159/mo property income rather than buyer’s personal income.

Single Family

Built in 1954

7,475 sqft 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