527 Monona 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 527 Monona St, Boone, IA, 50036 offers $1,115/mo rent that, after a $1,517/mo payment. Total monthly income is $1,115/mo. Return on cash invested measures 9.42% in year one, and rental yield stands at 4.32% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 46.98% and total cumulative return in cash reaches $48,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,115/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
10,800 sqft lot
$N/A/sqft
No HOA
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Listed by: Collin Fett • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #64991
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.