421 W 5th 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
Investment property for sale in Boone at 421 W 5th St, Boone, IA, 50036 listed at $265,900 pairs $1,876/mo rent with a $1,301/mo payment to leave $150/mo cash flow. Total monthly income runs $1,876/mo, and annual cash flow reaches $1,795/yr on $88,146 cash to close. Return on cash invested measures 21.95% in year one, and rental yield registers 8.47% at a $265,900 basis. Equity gained on principal adds $1,716/yr, and annual property appreciation at 5% supports $73,463 by year five. Five-year ROI tracks 114.19% and total cumulative return in cash totals $100,654. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,876/mo property income relative to a $1,301/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Shannon Crain • Hunziker & Assoc.-Boone
Mls Name: CIBR
Mls Provider:
Mls ID: #68547
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.