620-622 W 2nd 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
Investment property for sale in Boone at 620-622 W 2nd St, Boone, IA, 50036 earns $41/mo cash flow from $1,080/mo rent with a $783/mo payment. Total monthly income totals $1,080/mo, and annual cash flow totals $494/yr on $53,007 capital. ROI tracks 20.84% on current figures, and rental yield reads 8.11% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 108.31% and total cumulative return in cash sums $57,414. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,080/mo property income instead of your personal income.
Townhouse
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: John D. Nerem • Nerem & Associates
Mls Name: CIBR
Mls Provider:
Mls ID: #65811
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.