1405 Nicollet PlBooneIA50036
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 1405 Nicollet Pl, Boone, IA, 50036 in Boone is capital appreciation. Rental yield 1.48%. The 1.48% gross yield at $1,800,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $497,307 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.27) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $66,397.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.5% | 8.0% |
| Monthly Cash Flow | $(9,576) | $500 |
City averages based on Boone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,172 |
| Total Monthly Debt Service | $11,074 |
| DSCR Ratio | 0.20x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2006
5 Acres lot
$N/A/sqft
$1,200 annually 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 2006
5 Acres lot
$N/A/sqft
$1,200 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jen Burkamper • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #67427
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.