1851 W 3rd Street ExtBooneIA50036
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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
Investment property for sale in Boone at 1851 W 3rd Street Ext, Boone, IA, 50036 offers a 8.93% rental yield on a $214,900 purchase with $1,600/mo rent. Total monthly income registers $1,600/mo, and a $1,052/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,450/yr on $71,239 to close, and return on cash invested stands at 23.35% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 121.74% and total cumulative return in cash at $86,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,600/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.48 Acres lot
$N/A/sqft
No HOA
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Listed by: John D. Nerem • Nerem & Associates
Mls Name: CIBR
Mls Provider:
Mls ID: #68463
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.