309 S Boone St,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 309 S Boone St, Boone, IA, 50036 listed at $230,000 pairs $2,008/mo rent with a $1,126/mo payment to leave $514/mo cash flow. Total monthly income runs $2,008/mo, and annual cash flow reaches $6,168/yr on $76,245 cash to close. Return on cash invested measures 28% in year one, and rental yield registers 10.48% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 146.6% and total cumulative return in cash totals $111,775. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,008/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).