35523 Riverwoods DrBoonevilleIA50038
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 35523 Riverwoods Dr, Booneville, IA, 50038 in Booneville fits: $1,360,000, 1.38% gross yield, and a projected 5% annual appreciation rate adding $375,743 in value within five years. Rental yield 1.38%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.26) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $12,526/yr in principal paydown and $375,743 in appreciation project a total return of $49,520.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.4% | 6.0% |
| Monthly Cash Flow | $(7,302) | $300 |
City averages based on Booneville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $8,291 |
| DSCR Ratio | 0.19x |
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 2021
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50038, Booneville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 99 (100%) |
| Owner Occupied HU | 70 (70.7%) |
| Renter Occupied HU | 27 (27.3%) |
| Vacant Housing Units | 2 ( 2.0%) |
| Median Home Value | $607,143 |
| Average Home Value | $637,929 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
8
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 2021
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50038, Booneville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 99 (100%) |
| Owner Occupied HU | 70 (70.7%) |
| Renter Occupied HU | 27 (27.3%) |
| Vacant Housing Units | 2 ( 2.0%) |
| Median Home Value | $607,143 |
| Average Home Value | $637,929 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: DMMLS
Mls ID: #737077