60 Caribou CirCouncil BluffsIA51503
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 60 Caribou Cir, Council Bluffs, IA, 51503 in Council Bluffs is narrow, $94/mo net on $2,698/mo rent after the $1,794/mo debt service, but the property operates at break-even-plus, not a loss. At $399,000 with a 8.11% yield, the long-run equity case via 5% appreciation ($110,236 over five years) and $3,675/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.50 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $157,985.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.2% |
| Monthly Cash Flow | $94 | $450 |
City averages based on Council Bluffs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,698 |
| Total Monthly Debt Service | $2,445 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
0.51 Acres lot
$N/A/sqft
$150 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1963
0.51 Acres lot
$N/A/sqft
$150 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dee Elam • BHHS Ambassador - CB
Mls Name: SWIAR
Mls ID: #25-823
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.