615 11th St, Boone, IA, 50036 | $470/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Boone at 615 11th St, Boone, IA, 50036 offers a 11.97% rental yield on a $134,900 purchase with $1,346/mo rent. Total monthly income registers $1,346/mo, and a $660/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,642/yr on $44,719 to close, and return on cash invested stands at 32.53% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 171% and total cumulative return in cash at $76,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,346/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

6,098 sqft lot

$N/A/sqft

No HOA