1426 16th St,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 1426 16th St, Boone, IA, 50036 listed at $341,000 pairs $2,245/mo rent with a $1,669/mo payment to leave $30/mo cash flow. Total monthly income runs $2,245/mo, and annual cash flow reaches $365/yr on $113,042 cash to close. Return on cash invested measures 20.23% in year one, and rental yield registers 7.9% at a $341,000 basis. Equity gained on principal adds $2,200/yr, and annual property appreciation at 5% supports $94,212 by year five. Five-year ROI tracks 105% and total cumulative return in cash totals $118,688. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,245/mo property income relative to a $1,669/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).