1550 T AveBooneIA50036
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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
Rental property for sale in Boone at 1550 T Ave, Boone, IA, 50036 offers $2,558/mo rent that, after a $2,080/mo payment. Total monthly income is $2,558/mo. Return on cash invested measures 18.19% in year one, and rental yield stands at 7.22% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 94% and total cumulative return in cash reaches $132,437. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,558/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
14.86 Acres lot
$N/A/sqft
No HOA
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Listed by: InSun Colerick • Heartland Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #716702
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.