1528 Hancock Dr,Boone,IA,50036

Investment Highlights

Rental property for sale in Boone at 1528 Hancock Dr, Boone, IA, 50036 priced at $839,900 converts $3,460/mo rent into after a $4,111/mo obligation. Total monthly income equals $3,460/mo. Return on cash invested prints 11.4% in year one, and rental yield reads 4.94% against a $839,900 entry. Equity gained on principal adds $5,420/yr, while 5% annual appreciation compiles into $232,049 by year five. Five-year ROI reaches 57.57% and total cumulative return in cash sums $159,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,460/mo property income covering a $4,111/mo payment, not borrower’s personal income.