515 8th St,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 515 8th St, Boone, IA, 50036 listed at $150,000 pairs $1,131/mo rent with a $734/mo payment to leave $157/mo cash flow. Total monthly income runs $1,131/mo, and annual cash flow reaches $1,884/yr on $49,725 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 9.05% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 123.57% and total cumulative return in cash totals $61,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,131/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).