407 Spencer AveCouncil BluffsIA51503
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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 407 Spencer Ave, Council Bluffs, IA, 51503 uses $89,505 cash to close to unlock $10,926/yr annual cash flow and $911/mo monthly cash flow. Total monthly income runs $2,687/mo, and a $1,322/mo payment keeps the spread at $911/mo. Purchase price stands at $270,000, and rental yield measures 11.94% with $2,687/mo rent. Return on cash invested shows 32.12% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 168.82% and total cumulative return in cash records $151,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,687/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 2014
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 |
Housing Distribution
Address Breakdown
Residential
15,841
Single Family
13,738
Multi-Family
2,103
Businesses
761
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Listed by: Kerry McGrath • Realty One Group Sterling
Mls Name: SWIAR
Mls ID: #25-2220
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.