413 Damon StCouncil 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 413 Damon St, Council Bluffs, IA, 51503 with 5% annual appreciation on a $128,500 basis while $1,010/mo rent supports operations. Total monthly income totals $1,010/mo and a $629/mo payment preserves $175/mo for cash returns. Annual cash flow comes to $2,098/yr on $42,598 deployed, and return on cash invested reaches 24.84% in year one. Equity gained on principal adds $829/yr, and five-year appreciation sums $35,502 alongside rental yield of 9.43%. Five-year ROI measures 129.67% and total cumulative return in cash totals $55,236.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,010/mo property income versus a $629/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
2,944 sqft 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: Heath Haner • BHHS Ambassador - CB
Mls Name: SWIAR
Mls ID: #25-1744
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.