240 S Story StBooneIA50036
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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 240 S Story St, Boone, IA, 50036 priced at $197,500 converts $1,642/mo rent into $318/mo cash flow after a $967/mo obligation. Total monthly income equals $1,642/mo, and annual cash flow totals $3,814/yr on $65,471 invested. Return on cash invested prints 25.73% in year one, and rental yield reads 9.98% against a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation compiles into $54,566 by year five. Five-year ROI reaches 134.76% and total cumulative return in cash sums $88,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,642/mo property income covering a $967/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Bonnie Christensen • Re/Max Precision Ankeny Uptown
Mls Name: CIBR
Mls Provider:
Mls ID: #66884
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.