1222 2nd St, Boone, IA, 50036 | 7.01% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Boone at 1222 2nd St, Boone, IA, 50036 offers a 7.01% rental yield on a $185,000 purchase with $1,080/mo rent. 54% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 90.52% and total cumulative return in cash at $55,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,080/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

7,405 sqft lot

$N/A/sqft

No HOA