123 S Marion 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 123 S Marion St, Boone, IA, 50036 generates $1,867/mo in rent and, after a $857/mo payment, leaves $730/mo in cash flow. Total monthly income is $1,867/mo, and annual cash flow is $8,760/yr on $58,013 invested. Return on cash invested sits at 35.01% in year one, and rental yield is 12.8% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 184.19% and total cumulative return in cash sums $106,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,867/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: Lora Ahrens Olerich • Heartland Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #67474
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.