1402 13th 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
Investment property for sale in Boone at 1402 13th St, Boone, IA, 50036 offers a 7.38% rental yield on a $199,000 purchase with $1,224/mo rent. 66% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 96.6% and total cumulative return in cash at $63,726. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,224/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
9,147 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Marc Olson Team • RE/MAX Concepts-Nevada
Mls Name: CIBR
Mls Provider:
Mls ID: #67122
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.