230 Bennett Ave, Council Bluffs, IA, 51503 | $291/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

Investment property for sale in Council Bluffs at 230 Bennett Ave, Council Bluffs, IA, 51503 uses $107,738 cash to close to unlock $3,492/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,591/mo payment keeps the spread at $291/mo. Purchase price stands at $325,000, and rental yield measures 8.87% with $2,402/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 120.61% and total cumulative return in cash records $129,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Single Family

Built in 1960

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