401 Spencer AveCouncil BluffsIA51503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 401 Spencer Ave, Council Bluffs, IA, 51503 at $179,900 posts ROI 33.43% with $672/mo cash flow from $1,841/mo rent. Total monthly income equals $1,841/mo, and annual cash flow records $8,066/yr on $59,637 to close. Return on cash invested measures 33.43% and rental yield reads 12.28% at the current $179,900. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 by year five. Five-year ROI prints 175.84% and total cumulative return in cash totals $104,865.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,841/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
0.25 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 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
13,738
Multi-Family
2,103
Businesses
761
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Leick • Keller Williams Greater Omaha
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22529583
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Great Plains Regional Multiple Listing Service, Inc.