1400 22nd St APT 6,Boone,IA,50036

Investment Highlights

Rental property for sale in Boone at 1400 22nd St APT 6, Boone, IA, 50036 generates $807/mo in rent and, after a $504/mo payment, leaves $138/mo in cash flow. Total monthly income is $807/mo, and annual cash flow is $1,660/yr on $34,111 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.41% on a $102,900 entry. Equity gained on principal adds $664/yr, while 5% annual appreciation builds toward $28,429 over five years. Five-year ROI reaches 129.43% and total cumulative return in cash sums $44,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $807/mo property income rather than buyer’s personal income.