5730 Merlin LnCouncil 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
Investment property for sale in Council Bluffs at 5730 Merlin Ln, Council Bluffs, IA, 51501 offers a 9.78% rental yield on a $295,000 purchase with $2,404/mo rent. Total monthly income registers $2,404/mo, and a $1,444/mo payment leaves $488/mo available for distribution. Annual cash flow reaches $5,856/yr on $97,793 to close, and return on cash invested stands at 25.9% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 135.34% and total cumulative return in cash at $132,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,404/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
N/A 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: Michelle Hiers • Better Homes and Gardens Real Estate The Good Life Group
Mls Name: SWIAR
Mls ID: #26-11