1050 L AveBooneIA50036
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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 1050 L Ave, Boone, IA, 50036 listed at $489,900 pairs $3,384/mo rent with a $2,398/mo payment to leave $202/mo cash flow. Total monthly income runs $3,384/mo, and annual cash flow reaches $2,426/yr on $162,402 cash to close. Return on cash invested measures 21.4% in year one, and rental yield registers 8.29% at a $489,900 basis. Equity gained on principal adds $3,161/yr, and annual property appreciation at 5% supports $135,350 by year five. Five-year ROI tracks 111.27% and total cumulative return in cash totals $180,701. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,384/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1936
9 Acres lot
$N/A/sqft
No HOA
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Listed by: Rebecca Elliott • iHome Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #67290
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.