35715 River Woods CtBoonevilleIA50038
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 35715 River Woods Ct, Booneville, IA, 50038 in Booneville worth study. Rental yield 1.35%. The 1.35% gross yield is below cash-flow benchmarks at $1,390,000, but 5% annual appreciation, adding $384,031 over five years, frames this as a capital growth position. Rent of $1,560/mo partially offsets the $6,250/mo payment. Ziffy Mortgage finances appreciation-play properties (0.25 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $48,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.4% | 6.0% |
| Monthly Cash Flow | $(7,496) | $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 | $8,474 |
| DSCR Ratio | 0.18x |
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
2.13 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
2.13 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: #737493