427 Fleming Ave, Council Bluffs, IA, 51503 | $96/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
848 sft

2305 Avenue G, Council Bluffs, IA, 51501

Investment Property+ 1 more

3 Bed
1 Bath
1042 sft

305 Hillcrest Dr, Plattsmouth, NE, 68048

3 Bed
2 Bath
1230 sft

3543 Warren Pl, Bellevue, NE, 68005

3 Bed
1 Bath
1109 sft

608 S 8th St, Plattsmouth, NE, 68048

Nearby investment properties with comparable prices

1 Bed
2 Bath
875 sft

3401 Martha St APT 4E, Omaha, NE, 68105

Investment Property+ 1 more

3 Bed
1 Bath
991 sft

4721 N 42nd St, Omaha, NE, 68111

3 Bed
1 Bath
1362 sft

3300 Avenue A, Council Bluffs, IA, 51501

3 Bed
2 Bath
1386 sft

4554 N 16th St, Omaha, NE, 68110

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Council Bluffs at 427 Fleming Ave, Council Bluffs, IA, 51503 priced at $164,000 pairs $1,240/mo rent with $96/mo cash flow after a $803/mo payment. Total monthly income equals $1,240/mo, and annual cash flow comes to $1,152/yr on $54,366 invested. Return on cash invested is 22.03% in year one, and rental yield stands at 9.07% on a $164,000 basis. Equity gained on principal adds $1,058/yr, and 5% annual appreciation accumulates to $45,310 by year five. Five-year ROI measures 115.32% and total cumulative return in cash reaches $62,697. For financing, Ziffy Mortgage’s DSCR program evaluates $1,240/mo property income against a $803/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1951

10,296 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