3618 2nd 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 3618 2nd Ave, Council Bluffs, IA, 51501 earns $269/mo cash flow from $1,431/mo rent with a $876/mo payment. Total monthly income totals $1,431/mo, and annual cash flow totals $3,223/yr on $59,339 capital. ROI tracks 25.34% on current figures, and rental yield reads 9.59% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 132.4% and total cumulative return in cash sums $78,567. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,431/mo property income instead of your personal income.
Manufactured
Built in 1984
5,808 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: Elijah Crowl-Kinney • Crowl Property Management Inc
Mls Name: SWIAR
Mls ID: #25-2476