123 S Marion StBooneIA50036
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Boone rentals match the income profile of 123 S Marion St, Boone, IA, 50036. Listed at $175,000, gross rent is $1,867/mo and net cash flow is $731/mo, a 12.8% yield well above national averages. DSCR 2.37 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $48,349 by year five with $1,612/yr in annual principal reduction, projecting $113,577 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 8.0% |
| Monthly Cash Flow | $731 | $500 |
City averages based on Boone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,867 |
| Total Monthly Debt Service | $1,067 |
| DSCR Ratio | 1.75x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2010
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2010
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.