1626 Mamie Eisenhower AveBooneIA50036
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 1626 Mamie Eisenhower Ave, Boone, IA, 50036 in Boone at $254,900, 5.68% gross yield, is a market-growth asset. Rental yield 5.68%. The $1,206/mo rent partially funds the $1,146/mo debt service; the core return is the 5%/yr price growth projected to add $70,424 over five years. Ziffy Mortgage's DSCR mortgage (1.05) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $68,127.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 8.0% |
| Monthly Cash Flow | $(449) | $500 |
City averages based on Boone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,206 |
| Total Monthly Debt Service | $1,554 |
| DSCR Ratio | 0.78x |
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 1901
6,969 sqft lot
$N/A/sqft
No 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 1901
6,969 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Lucken • Real Broker, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #716320
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