430 Linn 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 430 Linn St, Boone, IA, 50036 priced at $214,900 converts $3,774/mo rent into $2,378/mo cash flow after a $1,052/mo obligation. Total monthly income equals $3,774/mo, and annual cash flow totals $28,538/yr on $71,239 invested. Return on cash invested prints 59.97% in year one, and rental yield reads 21.07% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 318.12% and total cumulative return in cash sums $226,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,774/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1899
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Van Winkle Real Estate Team • RE/MAX Concepts-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #65316
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.