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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Council Bluffs at 818 5th Ave, Council Bluffs, IA, 51501 offers a 9.12% rental yield on a $100,000 purchase with $760/mo rent. Total monthly income registers $760/mo, and a $489/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,332/yr on $33,150 to close, and return on cash invested stands at 23.93% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 124.79% and total cumulative return in cash at $41,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $760/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51501, Council Bluffs, IA area.
| 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 |
Residential
15,035
Single Family
13,328
Multi-Family
1,707
Businesses
951
Date | Event | Price |
|---|---|---|
| 2025-07-23 | Pending sale | $100,000 |
| 2025-07-21 | Price change | $100,000 |
| 2025-06-07 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $1124.00 | 15.64% | $56,400 | N/A |
| 2023-07-23 | $972.00 | 2.10% | $56,400 | 38.92% |
| 2022-07-23 | $952.00 | -16.93% | $40,600 | N/A |
Listed by: Mike Morse • Morse Real Estate
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22520294
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Great Plains Regional Multiple Listing Service, Inc.
