109 Colfax StHollandIA50642
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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
Investment Highlights
Investment property for sale in Holland at 109 Colfax St, Holland, IA, 50642 with 5% annual appreciation on a $135,000 basis while $1,340/mo rent supports operations. Total monthly income totals $1,340/mo and a $661/mo payment preserves $463/mo for cash returns. Annual cash flow comes to $5,556/yr on $44,753 deployed, and return on cash invested reaches 32.32% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 11.91%. Five-year ROI measures 169.82% and total cumulative return in cash totals $75,997.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,340/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50642, Holland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 171 (85.5%) |
| Renter Occupied HU | 23 (11.5%) |
| Vacant Housing Units | 6 ( 3.0%) |
| Median Home Value | $162,981 |
| Average Home Value | $194,225 |
Housing Distribution
Address Breakdown
Residential
120
Single Family
120
Multi-Family
0
Businesses
15
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