331 Frank St, Council Bluffs, IA, 51503 | $38/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 331 Frank St, Council Bluffs, IA, 51503 priced at $200,000 converts $1,337/mo rent into $38/mo cash flow after a $979/mo obligation. Total monthly income equals $1,337/mo, and annual cash flow totals $456/yr on $66,300 invested. Return on cash invested prints 20.6% in year one, and rental yield reads 8.02% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 106.91% and total cumulative return in cash sums $70,880. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,337/mo property income covering a $979/mo payment, not borrower’s personal income.

Single Family

Built in 1910

N/A 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