2808 9th AveCouncil 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 2808 9th Ave, Council Bluffs, IA, 51501 uses $72,599 cash to close to unlock $871/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $1,495/mo, and a $1,072/mo payment keeps the spread at $73/mo. Purchase price stands at $219,000, and rental yield measures 8.19% with $1,495/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 109.7% and total cumulative return in cash records $79,641. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,495/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,098 sqft 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: Gladys Danker • NP Dodge Real Estate - Council Bluffs
Mls Name: SWIAR
Mls ID: #25-1467
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.