816 15th St, Boone, IA, 50036 | $521/mo Cash Flow

For Sale

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 816 15th St, Boone, IA, 50036 uses $54,366 cash to close to unlock $6,247/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $1,586/mo, and a $803/mo payment keeps the spread at $521/mo. Purchase price stands at $164,000, and rental yield measures 11.6% with $1,586/mo rent. Return on cash invested shows 31.4% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 164.9% and total cumulative return in cash records $89,649. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $803/mo payment rather than investor’s personal income.

Single Family

Built in 1880

6,098 sqft lot

$N/A/sqft

No HOA