116 Monona St,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 116 Monona St, Boone, IA, 50036 listed at $235,000 pairs $1,740/mo rent with a $1,150/mo payment to leave $214/mo cash flow. Total monthly income runs $1,740/mo, and annual cash flow reaches $2,568/yr on $77,903 cash to close. Return on cash invested measures 23.21% in year one, and rental yield registers 8.89% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 120.91% and total cumulative return in cash totals $94,192. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,740/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).