1153 198th Rd,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 1153 198th Rd, Boone, IA, 50036 uses $120,998 cash to close to unlock $2,136/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $1,786/mo payment keeps the spread at $178/mo. Purchase price stands at $365,000, and rental yield measures 8.38% with $2,548/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 112.69% and total cumulative return in cash records $136,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $1,786/mo payment rather than investor’s personal income.