1236 198th Rd,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 1236 198th Rd, Boone, IA, 50036 listed at $224,900 pairs $1,721/mo rent with a $1,101/mo payment to leave $260/mo cash flow. Total monthly income runs $1,721/mo, and annual cash flow reaches $3,122/yr on $74,554 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 9.18% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 125.76% and total cumulative return in cash totals $93,757. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,721/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).