2304 S 11th StCouncil BluffsIA51501
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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 2304 S 11th St, Council Bluffs, IA, 51501 listed at $249,000 pairs $2,214/mo rent with a $1,219/mo payment to leave $597/mo cash flow. Total monthly income runs $2,214/mo, and annual cash flow reaches $7,159/yr on $82,544 cash to close. Return on cash invested measures 28.58% in year one, and rental yield registers 10.67% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 149.78% and total cumulative return in cash totals $123,632. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,214/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51501, Council Bluffs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,002 (100%) |
| Owner Occupied HU | 8,402 (56.0%) |
| Renter Occupied HU | 5,553 (37.0%) |
| Vacant Housing Units | 1,047 ( 7.0%) |
| Median Home Value | $160,519 |
| Average Home Value | $201,483 |
Housing Distribution
Address Breakdown
Residential
15,035
Single Family
13,328
Multi-Family
1,707
Businesses
951
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Listed by: Douglas Fliam • Platinum Realty LLC
Mls Name: GPRMLS
Mls ID: #22532068