714 Ringold 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 714 Ringold St, Boone, IA, 50036 generates $1,080/mo in rent, after a $1,635/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 8.1% in year one, and rental yield is 3.88% on a $334,000 entry. Equity gained on principal adds $2,155/yr, while 5% annual appreciation builds toward $92,278 over five years. Five-year ROI reaches 39.93% and total cumulative return in cash sums $44,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
6,534 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Heidi Walters • Heartland Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #67003
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.