541 S Cedar 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 541 S Cedar St, Boone, IA, 50036 priced at $329,000 converts $1,903/mo rent into after a $1,610/mo obligation. Total monthly income equals $1,903/mo. Return on cash invested prints 17.34% in year one, and rental yield reads 6.94% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 89.49% and total cumulative return in cash sums $97,605. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,903/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.56 Acres lot
$N/A/sqft
No HOA
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Listed by: Bryanna Wisecup • LPT Realty, LLC
Mls Name: CIBR
Mls Provider:
Mls ID: #69014
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.