616 Harrison St,Boone,IA,50036

Investment Highlights

Rental property for sale in Boone at 616 Harrison St, Boone, IA, 50036 generates $2,438/mo in rent and, after a $1,713/mo payment, leaves $165/mo in cash flow. Total monthly income is $2,438/mo, and annual cash flow is $1,980/yr on $116,025 invested. Return on cash invested sits at 21.62% in year one, and rental yield is 8.36% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 112.38% and total cumulative return in cash sums $130,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,438/mo property income rather than buyer’s personal income.