BOONE COUNTY, BOONE, IA 50036

Boone, IA — 3/3 SFR (2,700 sf) with a comps-backed ARV of $292,000. -$ 320,000 At a $260,000 ask, This would be a great rental. Mostly there are light cosmetic updates needed. There is a large "DAISY DAIRY Plant" being built near by which is bringing lots of good paying jobs to the area for 2027 & 2028 Great neighborhood. Finished basement, Large corner lot. Rental case: estimated rent is $2,825/month with projected monthly cash flow of $155. That pencils to a 7.1% cap rate and a 3.6% cash-on-cash return (GRM 7.7), based on assumptions of 20% down, 7% rate, 30-year amortization, 20% expenses, and 8% vacancy. Condition is listed as turnkey with a light value-add budgeted at $20,000–$25,000, positioning the work as the lift toward the $292,000 ARV rather than a major rebuild. Cash buyers and investors looking for a quick close preferred; verify all numbers and assumptions during due diligence.