1303 W 2nd 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 1303 W 2nd St, Boone, IA, 50036 generates $1,634/mo in rent and, after a $905/mo payment, leaves $433/mo in cash flow. Total monthly income is $1,634/mo, and annual cash flow is $5,196/yr on $61,328 invested. Return on cash invested sits at 28.38% in year one, and rental yield is 10.6% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 148.66% and total cumulative return in cash sums $91,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,634/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: Aaron Ackerlund • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #709399
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.