104 McPherson StBooneIA50036
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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 Boone at 104 McPherson St, Boone, IA, 50036 uses $91,129 cash to close to unlock $182/yr annual cash flow and $15/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,346/mo payment keeps the spread at $15/mo. Purchase price stands at $274,900, and rental yield measures 7.86% with $1,800/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 104.36% and total cumulative return in cash records $95,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2020
5,227 sqft lot
$N/A/sqft
No HOA
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Listed by: Gibson, Danielle • Century 21 Signature Real Esta
Mls Name: DMMLS
Mls Provider:
Mls ID: #723253
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