10544 E 900 NColfaxIN46035
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play10544 E 900 N, Colfax, IN, 46035 in Colfax is priced for appreciation, not yield. Rental yield 2.1%. At $675,000 with a 2.1% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $186,490 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.39) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $70,728.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.1% | 6.0% |
| Monthly Cash Flow | $(2,870) | $300 |
City averages based on Colfax market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,182 |
| Total Monthly Debt Service | $3,783 |
| DSCR Ratio | 0.31x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46035, Colfax, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 476 (100%) |
| Owner Occupied HU | 347 (72.9%) |
| Renter Occupied HU | 95 (20.0%) |
| Vacant Housing Units | 34 ( 7.1%) |
| Median Home Value | $200,556 |
| Average Home Value | $234,705 |
Housing Distribution
Address Breakdown
Residential
378
Single Family
378
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2021
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46035, Colfax, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 476 (100%) |
| Owner Occupied HU | 347 (72.9%) |
| Renter Occupied HU | 95 (20.0%) |
| Vacant Housing Units | 34 ( 7.1%) |
| Median Home Value | $200,556 |
| Average Home Value | $234,705 |
Housing Distribution
Address Breakdown
Residential
378
Single Family
378
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
