511 N 38th StCouncil BluffsIA51501
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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 511 N 38th St, Council Bluffs, IA, 51501 generates $1,282/mo in rent and, after a $808/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,282/mo, and annual cash flow is $2,520/yr on $54,698 invested. Return on cash invested sits at 24.52% in year one, and rental yield is 9.32% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 127.92% and total cumulative return in cash sums $69,971. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,282/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51501, Council Bluffs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,002 (100%) |
| Owner Occupied HU | 8,402 (56.0%) |
| Renter Occupied HU | 5,553 (37.0%) |
| Vacant Housing Units | 1,047 ( 7.0%) |
| Median Home Value | $160,519 |
| Average Home Value | $201,483 |
Housing Distribution
Address Breakdown
Residential
15,035
Single Family
13,328
Multi-Family
1,707
Businesses
951
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Listed by: Shannon Sorensen • BHHS Ambassador Real Estate
Mls Name: SWIAR
Mls ID: #25-1650
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.