1208 Garst Ave,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 1208 Garst Ave, Boone, IA, 50036 listed at $194,900 pairs $1,507/mo rent with a $954/mo payment to leave $241/mo cash flow. Total monthly income runs $1,507/mo, and annual cash flow reaches $2,894/yr on $64,609 cash to close. Return on cash invested measures 24.39% in year one, and rental yield registers 9.28% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 127.32% and total cumulative return in cash totals $82,263. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,507/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).