1221 8th 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 1221 8th St, Boone, IA, 50036 generates $1,976/mo in rent and, after a $900/mo payment, leaves $782/mo in cash flow. Total monthly income is $1,976/mo, and annual cash flow is $9,381/yr on $60,963 invested. Return on cash invested sits at 35.3% in year one, and rental yield is 12.89% on a $183,900 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation builds toward $50,808 over five years. Five-year ROI reaches 185.79% and total cumulative return in cash sums $113,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,976/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Brett Mount • CENTURY 21 SIGNATURE-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #65802
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.