924 16th AveCouncil 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 924 16th Ave, Council Bluffs, IA, 51501 listed at $117,000 pairs $887/mo rent with a $573/mo payment to leave $118/mo cash flow. Total monthly income runs $887/mo, and annual cash flow reaches $1,416/yr on $38,786 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9.1% at a $117,000 basis. Equity gained on principal adds $755/yr, and annual property appreciation at 5% supports $32,325 by year five. Five-year ROI tracks 123.05% and total cumulative return in cash totals $47,725. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $887/mo property income relative to a $573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
5,320 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: Marge Leaders • 20060210204436544277000000
Mls Name: SWIAR
Mls ID: #25-515
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.