117 Boone 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
Rental property for sale in Boone at 117 Boone St, Boone, IA, 50036 offers $1,968/mo rent that, after a $1,077/mo payment, leaves $539/mo cash flow. Total monthly income is $1,968/mo, and annual cash flow is $6,468/yr on $72,930 cash. Return on cash invested measures 28.78% in year one, and rental yield stands at 10.73% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 150.78% and total cumulative return in cash reaches $109,967. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,968/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Amber R. Hora • Hunziker & Assoc.-Boone
Mls Name: CIBR
Mls Provider:
Mls ID: #67021
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.