617 S 6th 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
Investment property for sale in Council Bluffs at 617 S 6th St, Council Bluffs, IA, 51501 uses $36,465 cash to close to unlock $10,668/yr annual cash flow and $889/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $538/mo payment keeps the spread at $889/mo. Purchase price stands at $110,000, and rental yield measures 17.49% with $1,603/mo rent. Return on cash invested shows 49.16% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 260.07% and total cumulative return in cash records $94,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 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: Natasha Garcia • NP Dodge Real Estate - Glenwood
Mls Name: SWIAR
Mls ID: #25-1882