607 Clay St,Boone,IA,50036

Investment Highlights

Rental property for sale in Boone at 607 Clay St, Boone, IA, 50036 generates $1,624/mo in rent and, after a $1,162/mo payment, leaves $82/mo in cash flow. Total monthly income is $1,624/mo, and annual cash flow is $984/yr on $78,731 invested. Return on cash invested sits at 21.16% in year one, and rental yield is 8.21% on a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 109.95% and total cumulative return in cash sums $86,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,624/mo property income rather than buyer’s personal income.