900/902 W College St,Boone,IA,50036

Investment Highlights

Investment property for sale in Boone at 900/902 W College St, Boone, IA, 50036 listed at $250,000 pairs $1,800/mo rent with a $1,224/mo payment to leave $176/mo cash flow. Total monthly income runs $1,800/mo, and annual cash flow reaches $2,112/yr on $82,875 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 8.64% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 116.91% and total cumulative return in cash totals $96,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).