811 12th St,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 811 12th St, Boone, IA, 50036 listed at $214,900 pairs $1,895/mo rent with a $1,052/mo payment to leave $499/mo cash flow. Total monthly income runs $1,895/mo, and annual cash flow reaches $5,990/yr on $71,239 cash to close. Return on cash invested measures 28.32% in year one, and rental yield registers 10.58% at a $214,900 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,373 by year five. Five-year ROI tracks 148.39% and total cumulative return in cash totals $105,714. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,895/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).