428 S Sierra DrCouncil 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
Rental property for sale in Council Bluffs at 428 S Sierra Dr, Council Bluffs, IA, 51503 priced at $230,000 pairs $2,029/mo rent with $535/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,029/mo, and annual cash flow comes to $6,420/yr on $76,245 invested. Return on cash invested is 28.33% in year one, and rental yield stands at 10.59% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 148.39% and total cumulative return in cash reaches $113,143. For financing, Ziffy Mortgage’s DSCR program evaluates $2,029/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
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: Mike Doner • Ambassador Real Estate
Mls Name: BHHS broker feed
Mls ID: #25-2304